Loading…
The rupee's six-month at-the-money implied volatility fell to 4.5%, the lowest since 2008, and one-year volatility is near multi-year lows. Analysts say the Reserve Bank of India's regular intervention keeps the currency stable and makes it attractive for carry trades.
Low rupee volatility lowers hedging costs for Indian importers of feed commodities, but it does not point to a clear move in commodity prices.
reuters.comNimesh VoraJun 2, 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.
