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The Indian rupee hit a record low of 88.3075 per dollar and closed at 88.1950 on August 29, losing 0.65% in its biggest one-day fall in nearly three months. The move followed a new additional 25% US tariff that doubled total duties on Indian goods to 50%.
A weaker rupee lowers India's effective import costs for dollar-priced feed inputs but raises the risk of higher domestic costs and slower Indian demand for exports. Tariffs on Indian goods also weigh on Indian rice and meal export flows.
reuters.comNimesh VoraSep 1, 2025Not enough comparable past events yet for a historical read.
After 16 past bearish macro events, RICE moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% 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.
