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The rupee edged lower against the dollar on Friday, with USD/INR near 75.96 after rising for three sessions. Traders were focused on the US non-farm payrolls report, which was expected to show about 490,000 jobs added in March.
Routine currency moves ahead of US jobs data have little direct effect on feed commodity prices, though a weaker rupee slightly raises the cost of imported feed inputs in India.
currencylive.comIleana IonescuApr 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.
