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The rupee closed at 74.91 per dollar on December 1, gaining 22 paise. The move followed upbeat Indian manufacturing data, a weaker US dollar and expected inflows from IPOs.
Stronger emerging-market currencies also supported the rupee.
A stronger rupee lowers the local cost of dollar-priced feed imports on the day. The move is a short-term market reaction with limited lasting effect on feed prices.
timesofindia.indiatimes.comPTIDec 1, 2021Not 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.
