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The Indian rupee slid to a two-week low of 88.6950 per US dollar on October 30 as foreign outflows worsened. The move followed a hawkish tilt from the Federal Reserve that pushed the dollar and US Treasury yields higher.
A stronger dollar and rising US yields make dollar-priced feed imports more expensive for India and tighten global dollar liquidity, a modest headwind for dollar-priced grain and meal.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.