Loading…
The rupee's 40-currency real effective exchange rate stood at 108.14 in November, according to the Reserve Bank of India's bulletin, implying the currency is about 8% overvalued. The article expects the central bank to loosen its tight control of the rupee in 2025.
If the RBI allows the rupee to weaken toward fair value, Indian import costs for dollar-priced feed ingredients would rise while Indian export competitiveness improves.
reuters.comNimesh VoraDec 30, 2024Not 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.
