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The rupee had rallied from 75.70 in October to 73.85 in early November, driven by IPO-related foreign inflows. Analysts expect the currency to revert toward 75 as the RBI caps gains and foreign flows slow.
The rupee was trading near 74.37.
A reversal toward 75 would make imported feed ingredients more expensive for Indian buyers. The analysis is a currency outlook without a direct supply or demand change for feed commodities.
preprod.financialexpress.comGuest ContributorNov 15, 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.
