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The rupee closed at 83.90 per dollar, nearly flat, as importer and foreign bank dollar demand offset early gains from a broad Asian currency rise. Foreign investors had pulled about $2 billion from Indian equities in August so far.
A flat rupee leaves Indian import costs for feed ingredients largely unchanged, so there is no meaningful effect on grain or meal prices.
reuters.comJaspreet KalraAug 26, 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.
