# Rupee to weaken to record low over the coming year: Reuters poll

> 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.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72794-rupee-to-weaken-to-record-low-over-the-coming-year-reuters-poll
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bullish ▲

## Sources

- zeebiz.com: https://www.zeebiz.com/india/news-rupee-to-weaken-to-record-low-over-the-coming-year-reuters-poll-12174

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