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Analysts say the rupee's long-term trend is to appreciate because it is attracting carry-trade and high-yield inflows, despite high crude prices. The rupee closed at 75.38 per dollar, slightly stronger than the prior session.
Experts note the currency is still overvalued on a real effective basis.
A long-run rupee appreciation would ease India's dollar import costs for feed ingredients. The central bank may limit that gain to contain oil-driven inflation.
business-standard.comAnup RoyOct 13, 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.
