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The rupee recovered to 79.84 per dollar on August 30 after a record low of 80.15 the previous day, supported by domestic equities. Traders said high oil prices and month-end dollar demand could limit further gains.
Persistent oil-driven dollar demand keeps pressure on India's import costs, which can lift the landed cost of feed ingredients.
timesofindia.indiatimes.comRavi Shankar / TIMESOFINDIA.COM / Aug 31, 2022, 15:54 ISTAug 31, 2022Not enough comparable past events yet for a historical read.
Not 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.
