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The Indian rupee was poised to open lower on Friday after the dollar index surged on renewed U.S. tariff worries. The 1-month non-deliverable forward indicated an opening near 87.30-87.32 per dollar versus the prior close of 87.20.
A weaker rupee raises the cost of dollar-priced feed imports such as soymeal and corn for India, and a firmer dollar tends to pressure dollar-denominated grain prices.
reuters.comNimesh VoraFeb 28, 2025Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) 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.
