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The Indian rupee ended flat at 83.245 per dollar on a Friday after the Reserve Bank of India kept its repo rate unchanged and signalled tight liquidity. The currency posted a second straight weekly loss of 0.23%, pressured by higher US Treasury yields and oil company dollar demand.
A weaker rupee raises the local-currency cost of imported feed ingredients and makes Indian import demand for soymeal and other feed inputs more expensive.
livemint.comLivemintNov 1, 2023Not 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.
