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The rupee was trading near 83.9 per dollar as Asian currencies rose between 0.1% and 0.4% and the dollar index slipped to 100.94. Nuvama expects up to $3 billion of inflows tied to India's higher MSCI weighting, effective Friday.
Currency moves of this size have little direct effect on feed prices, but a stronger rupee can slightly reduce import costs for Indian feed buyers.
reuters.comNimesh VoraAug 29, 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.
