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The Indian rupee strengthened in early trade to about 80.71 per dollar, pushing the AED-INR rate below 22 for the first time since early October. The move followed dollar weakness and a fall in India's inflation to 6.4% from above 7%.
A firmer rupee lowers India's cost of dollar-denominated imports, a minor factor for feed buyers, with the effect on regional import demand expected to be limited.
gulfnews.comManoj NairDec 1, 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.
