Loading…
Three traders told Reuters on May 2, 2023, that the Reserve Bank of India was likely buying dollars through state-run banks to stop the rupee from appreciating after long-weekend inflows. The rupee traded at 81.8275 per dollar.
The dollar index was down 0.2% at 101.92.
RBI dollar buying limits rupee gains, which keeps dollar-priced imports costlier for Indian feed buyers. The report is based on trader comments and has little direct effect on global feed prices.
kitco.comMay 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.
