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The Indian rupee was expected to firm on Friday, helped by a rally in the Chinese yuan. Analysts at Nuvama expect up to $3 billion of inflows after India's higher weighting in the MSCI emerging market index took effect.
A firmer rupee lowers the local cost of imported feed ingredients such as soymeal and corn from dollar-priced markets, though the effect on global grain prices is small.
reuters.comNimesh VoraAug 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.
