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The one-year dollar/rupee forward premium dropped 12 basis points to 1.99% on Monday after the RBI announced an FX swap to shore up rupee liquidity. Shorter-term Indian government bond yields also fell, and the one-year OIS rate neared a 30-month low.
Lower forward premiums and yields reflect easing rupee liquidity stress, a financial-market development with minimal direct effect on feed commodity prices.
reuters.comDharamraj DhutiaFeb 24, 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.
