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Record diaspora dollar inflows of $133 billion left Indian banks flush with cash, pushing overnight rates below the RBI's 5.25% policy rate. The RBI has drained liquidity and economists expect a rate hike.
Tighter Indian monetary policy could slow domestic demand and strengthen the rupee, a macro factor with little direct effect on feed commodity prices.
Not 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.