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The rupee has risen over 5% against the dollar since the start of 2017 after moving from 68.7 in November 2016 to below 64, outperforming Asian and emerging-market peers. The article argues a stronger rupee lowers India's import bill, which runs to about $380 billion in merchandise imports in FY17, while noting risks to exports.
Lower import costs from a stronger rupee reduce India's dollar spending on energy and other imports, but the effect on global commodity demand is limited and the story is mainly macro commentary.
thehindubusinessline.comApr 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.
