# Rupee likely to appreciate further towards Rs 63/USD in next 6 months: Experts- Moneycontrol.com

> 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.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72296-rupee-likely-to-appreciate-further-towards-rs-63-usd-in-next-6-months-experts
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The forecast suggests continued rupee strength, which lowers the rupee cost of dollar-priced feed ingredients, though analysts disagree on the longer-term direction.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/rupee-likely-to-appreciate-further-towards-rs-63usd-in-next-6-months-experts-2248943.html

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