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Narrowing gaps between USD/INR onshore and non-deliverable forward rates are prompting market participants to unwind arbitrage positions. Forward premiums are falling as a result.
Changes in rupee forward premiums affect the cost of hedging dollar purchases by Indian importers, but have little direct bearing on feed or grain prices.
reuters.comNimesh VoraNov 17, 2022Not 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.
