# Rupee may be at Rs 66/USD in Dec as RBI tries to recoup forex reserves | Money & Forex Markets - Business Standard

> BofA Merrill Lynch expects the rupee to reach about Rs 66 per dollar by year-end on a widening current account deficit and weak foreign portfolio inflows. It forecasts the Reserve Bank of India will allow depreciation while rebuilding reserves when the dollar falls. The rupee was trading at Rs 64.78.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68749-rupee-may-be-at-rs-66-usd-in-dec-as-rbi-tries-to-recoup-forex-reserves-money
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee would raise the rupee cost of dollar-priced feed imports into India, adding to domestic feed costs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-may-be-at-rs-66-usd-in-dec-as-rbi-tries-to-recoup-forex-reserves-117103100614_1.html

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