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The Indian rupee hit a record low and logged its biggest single-day decline in nearly two years on January 13, closing at 86.575 per dollar. The drop was driven by a surging U.S. dollar, equity outflows and limited central bank intervention.
A sharp rupee fall raises the cost of dollar-denominated feed imports for India. It also reflects broad dollar strength that can weigh on dollar-priced agricultural commodities.
reuters.comJaspreet KalraJan 13, 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.
