Loading…
The RBI intervened with a surprise, outsized operation that helped the rupee rebound to 86.47 per dollar on Wednesday from an all-time low of 87.95 earlier on Monday. The intervention followed a build-up of bearish bets against the rupee after a four-month slide.
Central bank intervention strengthening the rupee lowers the local cost of dollar-priced feed imports, though the effect on global commodity prices is limited.
reuters.comNimesh VoraFeb 12, 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.
