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The rupee has appreciated nearly 4% against the dollar this year as the Trump trade unwound and foreign investors returned after the BJP's state election win. The Reserve Bank of India changed its policy stance to neutral, which pushed bond yields higher and attracted foreign debt inflows.
Analysts expect inflation to pick up in FY18.
The rupee's strength and rising domestic yields are drawing capital into India and could reverse as inflation rises, which affects the cost of imported feed inputs.
thehindubusinessline.comThe HinduBusinessLineMar 28, 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.
