Loading…
Edelweiss Securities forecasts USD/INR rising toward 72-73 by December 2017, arguing that rupee outperformance will fade. It cites rupee overvaluation, rising commodity prices and growing protectionism against weak exports.
Near-term US weak-dollar policy could still pressure the pair lower.
A weaker rupee raises the local cost of dollar-priced feed ingredients imported by India. A forecast for USD/INR upside therefore points to higher landed feed costs there.
thehindubusinessline.comThe HinduBusinessLineFeb 14, 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.
