According to Kishore Narne, director, head of commodity and currency of Motilal Oswal Financial Services, indian rupee has severely declined against by dollar in 2022. 

With recession fears growing in the United States and Europe, two key energy consumers.

What is your outlook for global crude oil prices in the short term?

Europe’s concerns about the recession are exacerbat.

Where do you see the price of crude oil at the end of 2022 as well as the beginning of 2023?

Brent prices are forecast to achieve the fourth quarter of 2022 close to $95 per barrel levels and to remain there in 2023.

when can the currency market be expect to remain stable?

The Federal Reserve’s hawkish outlook has put significant downward pressure on the rupee this year, contributing to a YTD decline of more than 10%.

What are your predictions for the pricing of copper and aluminium?

Although many metal prices have recently corrected by more than 40% from their top in 2022. We think that the ripple effect of same would keep metal prices in check.

After the Fed’s interest rate decision is made, we anticipate strong price changes in aluminium. Which could push prices up toward $2,600 – $2,750 over the following 12 months.

How do you envision it developing over the coming year?

Gold, a safe-haven asset, performs best in harsh times and suffers in an environment of rising interest rates; at the moment, we are witnessing the best of both worlds in action.