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India's foreign exchange reserves ended a seven-week losing streak as pressure on the rupee eased. The rupee had its biggest weekly gain in over a year in the week to January 24, helped by relief in Asian currencies after Trump did not impose tariffs immediately upon taking office.
Easing rupee pressure slightly lowers the import cost of dollar-priced feed ingredients for Indian buyers. The story is mainly about currency conditions with limited direct grain price impact.
reuters.comJan 31, 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.
