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The Indian rupee closed up 48 paise at a six-week high of 94.43 per US dollar. Inflows linked to the Jio Platforms IPO and RBI intervention supported it, while rising crude prices and weak domestic equities weighed on sentiment.
A stronger rupee lowers the local-currency cost of dollar-priced imports, which modestly eases India's feed-ingredient costs. The move is driven by currency flows rather than crop fundamentals, so its effect on feed prices is limited.
eveningstandard.inMohammed AltafOct 31, 2026Not 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.
