# Reuters poll - Rupee's slide from outflows, demonetization likely near end

> 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.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/73739-reuters-poll-rupee-s-slide-from-outflows-demonetization-likely-near-end
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/reuters-poll-rupee-s-slide-from-outflows-demonetization-likely-near-end-116120100672_1.html

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