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Nordea Bank analyst Amy Yuan Zhuang sees the rupee's long-term outlook supported by reforms and foreign inflows of USD 15bn year-to-date by mid-April. She expects a moderate near-term correction because the rally looks overdone, and the rupee has weakened against sterling this month.
An expected rupee correction would make dollar-priced imports into India more expensive, though the effect on feed ingredient prices is small and the outlook is mainly a currency view.
poundsterlinglive.comNews, Data, ForecastsApr 27, 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.
