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The Indian rupee closed at 83.47 per US dollar on Monday, down 0.16% after month-end dollar demand from importers. The dollar index slipped 0.3% to 105.6 after the yen recovered from a 34-year low on suspected Japanese intervention.
Currency moves of this size have little direct effect on grain prices, but a firmer rupee-dollar rate marginally raises India's import costs for energy and edible oils.
brecorder.comReutersApr 29, 2024Not enough comparable past events yet for a historical read.
Not 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.
