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The rupee closed 28 paise lower at 85.76 per dollar on June 30, snapping a two-day gain and ending the first half of 2025 roughly flat. The decline came after the currency's best week since January 2023, with profit-taking and long unwinding cited by analysts.
Traders are watching US tariff deadlines and a possible US-India trade deal.
Currency swings of this size have little direct effect on feed grain prices. The rupee's path does influence Indian importers' buying power and the competitiveness of Indian meal exports.
business-standard.comSI ReporterJun 30, 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.
