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UBS expects the rupee to trade in a 62-66 range over coming months, averaging 64.3 in fiscal 2017-18 and 65.4 in 2018-19. The rupee has gained 5.9% so far this calendar year.
UBS does not expect it to breach 60 in the near term.
A bank forecast for a range-bound rupee implies stable import costs for Indian feed buyers. The report is a forecast rather than a new supply or demand event.
india.comAbout the Author PTI FeedsAug 11, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
