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The rupee closed at 95.54 per dollar, down 0.1% on the day, after reversing early gains. Heavy dollar demand from importers offset liquidity from banks, including inflows from the non-resident deposit scheme.
Importer dollar demand weakens the rupee and raises the local cost of dollar-priced feed imports, although RBI intervention is limiting the move.
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.