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The Indian rupee strengthened about 1% in February, its first monthly gain since April 2025. Stronger foreign portfolio inflows and the announced US-India trade deal eased pressure on the currency, which had neared record lows at the end of January.
A firmer rupee lowers the local cost of dollar-priced imports, which can ease Indian buying pressure on soybeans and other feed inputs. The effect on global prices is modest.
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.