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The Indian rupee closed at 83.7925 per dollar on Monday, down slightly from 83.70. It still posted its best month since June, with a near 0.1% gain for September.
Strong risk appetite followed the US Federal Reserve's outsized rate cut and China's stimulus measures.
A stable-to-firmer rupee lowers India's cost of dollar-priced imports, including feed ingredients and vegetable oils, so the effect on commodity prices is minor.
reuters.comJaspreet KalraSep 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.
