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A policy brief from the Indian Council for Research on International Economic Relations criticized India's wheat and rice export bans and rising export duties as knee-jerk measures. It called for a rational trade policy balancing consumers and producers.
August retail inflation rose to 6.83%, above the 6% ceiling, with food inflation at 9.94%.
Continued Indian export restrictions on wheat and rice tighten global supply and support international rice and wheat prices, while pressure to reverse them is limited so far.
thehindu.comThe Hindu Data TeamSep 20, 2023After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
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.
