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The Indian rupee ended October near an all-time low against the dollar, closing at 84.0750 with little change from the prior session. The currency market was closed Friday for a public holiday.
A weak rupee lowers India's purchasing cost for imported vegetable oils and feed inputs, which can support demand for US and South American products priced in dollars.
reuters.comOct 31, 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.
