Loading…
The rupee rose on January 31 after the government cut its FY2022-23 growth forecast to 8-8.5% from 9.2%, while the US dollar eased from a 19-month high. USD/INR traded near 74.66 during the session.
A firmer rupee and softer dollar reduce the local cost of imported dollar-priced feed commodities for India, though the effect on global feed prices is limited.
currencylive.comIleana IonescuJan 31, 2022Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
