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A Reuters poll of more than 30 FX strategists expects the rupee to weaken to 68.00 per dollar by end-February and to a record low of 69.50 within 12 months. The forecast reflects expected dollar strength, even though US President Trump has signalled dislike of a strong currency.
The rupee had appreciated more than 1% so far in 2017.
Consensus expectations of rupee weakness imply higher USD/INR, which would raise the rupee cost of imported feed inputs. The poll's forecasts were largely unchanged from the prior month, suggesting limited revisions.
zeebiz.comReutersFeb 7, 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.
