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The rupee was the best-performing Asian currency in January, gaining 0.1% while the dollar index rose about 2%. Other Asian currencies fell 1.4-4%, with support from foreign portfolio inflows tied to upcoming index inclusion of Indian bonds.
Strong foreign bond inflows support the rupee and lower India's import costs for feed ingredients. The story describes currency moves with no direct link to grain or oilseed supply.
business-standard.comAnjali KumariFeb 1, 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.
