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Market experts expect the rupee to appreciate toward 63 per dollar over the next six months, after it breached 65 for a 17-month high. CARE Ratings noted that about $5.3 billion has flowed into Indian equities since January.
Analysts still expect the currency to weaken over the longer term.
The forecast suggests continued rupee strength, which lowers the rupee cost of dollar-priced feed ingredients, though analysts disagree on the longer-term direction.
moneycontrol.comKshitij AnandMar 29, 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.
