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The Indian rupee was expected to edge higher on Monday ahead of US Federal Reserve Chair Powell's speech and key US data. The dollar index was at 104.06 and Brent crude was down 0.1% at $84.40 a barrel.
Foreign investors bought a net $267.2 million of Indian shares on August 24.
This is routine currency commentary with no direct effect on feed grain supply or demand. A firmer rupee slightly lowers the local-currency cost of imported feed ingredients, but the effect is minor.
reuters.comNimesh VoraAug 28, 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.
