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The rupee gained 13 paise to close at 82.70 per dollar on February 16, supported by broad dollar weakness and rising domestic equities. Forex traders also cited a narrower January trade deficit and foreign fund inflows.
The rupee is trading within a range of roughly 82.40 to 83.00.
A firmer rupee lowers the local cost of imported feed ingredients, which eases pressure on Indian feed buyers. Stronger dollar weakness and foreign inflows point to a more stable import cost backdrop.
moneycontrol.comPTIFeb 16, 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.
