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The rupee logged its worst single-day fall in nearly two months, closing at 83.92 per dollar, down 0.16%. Dollar demand from importers and foreign banks erased earlier gains, and overseas investors had sold over $2.5 billion of Indian stocks in August.
A weaker rupee raises the local cost of dollar-priced feed imports, but a single-day move of this size has little effect on global feed grain prices.
reuters.comJaspreet KalraAug 21, 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.
