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Deutsche Bank expects the rupee to weaken past 70 per dollar this year as the Reserve Bank of India leans against real appreciation. The analysts also expect the central bank to buy dollars to rebuild reserves.
A weaker rupee would make Indian exports more competitive, but the forecast has little direct bearing on feed commodity prices.
almaghribtoday.netHong KongJan 30, 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.
