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Commentary argues the RBI may intervene to curb rupee volatility, but cannot prevent long-run depreciation. The rupee had slumped near 77 per dollar as oil prices surged and foreign portfolio investors pulled roughly $13 billion from Indian equities.
Persistent rupee weakness and higher oil keep India's imported feed and energy costs elevated, supporting firmer rupee-denominated prices for imported feed ingredients.
theprint.inIla PatnaikMar 11, 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.
