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The rupee's strength has been driven by strong foreign portfolio inflows into Indian capital markets, with the RBI limiting intervention. Forex reserves reached an all-time high of $381 billion as of June 2.
Strong inflows and high reserves support the rupee, but the outlook depends on US yields and Fed hikes, which could strengthen the dollar and weigh on import costs for Indian feed buyers.
ndtvprofit.comAbhishek GoenkaJun 13, 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.
