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Analysts said Indian equity markets had not fully priced in rupee weakness as the dollar hovered near a two-month high. The US 10-year yield reached a 17-year high of 4.35%.
Analysts expected a hawkish message from Fed Chair Powell at Jackson Hole to add pressure.
Higher US yields and a stronger dollar raise the cost of imported dollar-priced inputs for India. This is a macro risk signal with no direct effect on feed supply.
brecorder.comReutersAug 17, 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.
