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The Indian rupee fell against the dollar on Monday on dollar demand from foreign banks and importers, trading near 81.67, while most Asian currencies rose led by the onshore yuan. Indian equities slid after a short-seller report on the Adani Group, and markets were awaiting the US Fed decision and India's budget on Feb.
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A weaker rupee raises the local-currency cost of imported feed ingredients and oilseeds for Indian buyers, while stronger Asian currencies generally support regional demand.
kitco.comJan 30, 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.
