# Indian rupee to average 66.2 against dollar in 2017-18: Kotak- Moneycontrol.com

> 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.

- Date: 2017-04-11 · published 2017-04-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71780-indian-rupee-to-average-66-2-against-dollar-in-2017-18-kotak-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/indian-rupee-to-average-662-against-dollar2017-18-kotak-2346625.html

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