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Edelweiss expects the rupee to weaken to 68-69 per dollar by December 2017 because of global political risk and dollar strength. The brokerage says the recent rupee rally is partly frothy and may fade as inflation differentials narrow.
The rupee's record low is 68.85, set in August 2013.
A weaker rupee would raise the local-currency cost of dollar-priced feed imports into India, but this is a forecast rather than a realized move.
business-standard.comAnup RoyMar 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.
