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Kotak Institutional Equities expects the rupee to average 66.2 per dollar in fiscal 2017-18, after a steady rise this year supported by foreign inflows, the BJP's Uttar Pradesh win, GST passage and a hawkish RBI. The brokerage expects strength for the next one to two months, followed by some correction.
A weaker rupee than current levels raises the rupee cost of imported feed inputs such as soymeal and corn when priced in dollars, but the effect is modest for feed buyers and the forecast is a routine currency outlook.
moneycontrol.comApr 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.
