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The one-year dollar-rupee forward premium closed at 4.19% on February 23 after the RBI announced a $5 billion sell-buy dollar-rupee swap auction for March 8. The swap lifted long-dated forward premia, which attracted exporters to sell forwards.
The move mainly affects hedging costs for exporters and importers and is a central bank liquidity tool. It has little direct effect on feed or commodity prices.
business-standard.comManojit SahaFeb 24, 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.
