Loading…
The Reserve Bank of India is expanding access to non-deliverable forward markets to manage rupee volatility. The article notes that during stress, offshore NDF rates can run above onshore rates, creating arbitrage and spilling offshore volatility onshore, as seen when the rupee hit a record low in October 2022.
The policy affects currency volatility rather than physical feed supply or demand, so its direct effect on feed commodity prices is minimal.
reuters.comNimesh VoraApr 6, 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.
