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The Indian rupee had its worst monthly drop in nearly three years, closing July at 87.595 per dollar after touching a five-month low of 87.74. The fall followed Trump's threat of a 25% tariff on Indian exports plus an unspecified penalty starting August 1, alongside persistent portfolio outflows.
A weaker rupee raises the cost of dollar-priced imports for India while tariff pressure on Indian exports weighs on demand for its agricultural and feed-related trade, adding downside risk to Indian import-dependent feed ingredient demand.
reuters.comAshwin ManikandanJul 31, 2025Not 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.
