Loading…
The rupee was expected to hold above 83 per U.S. dollar after closing at 82.965 the previous session. A fall in U.S. Treasury yields reduced demand for the greenback.
Lower U.S. yields weaken the dollar's pull on emerging-market currencies, which tends to push USD/INR lower and makes Indian imports of feed-related commodities marginally cheaper.
reuters.comNimesh VoraFeb 2, 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.
