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A Reuters poll of about 30 FX strategists found the rupee's slide from capital outflows and the government's high-value banknote withdrawal has largely run its course. Strategists expect the rupee near 68.50 per dollar by month-end, with 69.20 forecast in a year.
A weaker rupee lowers the cost of Indian exports of feed-relevant commodities such as soymeal and rice, but a stable rupee means less pressure on Indian import demand for US and Brazilian feed inputs.
business-standard.comReutersDec 1, 2016Not 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.
