# Rupee to remain range-bound; average 64.3 this fiscal: UBS | India.com

> 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.

- Date: 2017-08-11 · published 2017-08-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69743-rupee-to-remain-range-bound-average-64-3-this-fiscal-ubs-india-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- india.com: https://www.india.com/news/rupee-to-remain-range-bound-average-64-3-this-fiscal-ubs-2393617/

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