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The RBI likely bought dollars in the spot market and conducted sell/buy swaps through public sector banks after the rupee hit a more-than-two-month high on Tuesday. The rupee was trading near 81.80 per dollar.
Central bank intervention limiting rupee appreciation keeps Indian import costs for feed ingredients elevated, with little direct impact on global grain prices.
moneycontrol.comJul 25, 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.
