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Citi keeps its forecast of USD/INR reaching 98 over six to 12 months, even as the rupee gained to around 94.67. The bank cut its FY27 balance-of-payments surplus forecast to $50 billion from $94 billion as temporary inflows from swap-driven deposits fade.
A shrinking external surplus and fading inflows point to renewed rupee weakness in the second half of the fiscal year, raising the dollar cost of India's imports, including feed ingredients. The forecast implies a weaker rupee and higher import costs over the next year.
exchangerates.org.ukDave TaylorNov 3, 2026Not 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.
