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Foreign investors are buying offshore dollar-rupee swaps on bets that the Reserve Bank of India will cut rates further. The rupee has recovered more than 3% from a near-88 per dollar record low in February as the dollar weakened on US tariff worries.
Rupee strength and expected rate cuts together reduce the rupee cost of imported feed ingredients, though the currency's rebound from its record low leaves it vulnerable to renewed trade shocks.
reuters.comNimesh VoraApr 23, 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.
