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The Indian rupee was little changed on Tuesday at about 83.73 per dollar, supported by mild dollar sales from state-run banks. Forward premiums held near a six-month high ahead of the Federal Reserve meeting.
Stable rupee pricing with rising forward premiums points to limited near-term change in India's import costs for dollar-priced commodities, with the Fed outlook the main swing factor.
brecorder.comReutersJul 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.
