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Axis Bank Research forecasts the Indian rupee could weaken to 100-102 per US dollar by December 2027 and to 104-106 by December 2028. The bank cites persistent capital outflows, RBI intervention that has reduced effective forex reserves, and the need to rebuild reserves.
A weaker rupee raises the local-currency cost of imported feed ingredients and makes Indian buyers more price-sensitive, which can dampen import demand for feed commodities. The projection suggests currency pressure persists beyond any recent recovery.
businesstoday.inBasudha DasNov 4, 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.
