# RBI likely to follow 'asymmetrical' policy response to US dollar: Report - The HinduBusinessLine

> Bank of America Merrill Lynch expects the rupee to trade around Rs 66 per dollar by December 2017 and Rs 64 by December 2018. It expects the Reserve Bank of India to keep recouping forex reserves when the dollar weakens while allowing depreciation when it strengthens. The rupee was trading near Rs 64.78 at the time.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68746-rbi-likely-to-follow-asymmetrical-policy-response-to-us-dollar-report-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A forecast rupee weakening toward Rs 66 would raise the cost of imported feed ingredients priced in dollars for Indian buyers, though the effect on global feed prices is small.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rbi-likely-to-follow-asymmetrical-policy-response-to-us-dollar-report/article9934753.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.