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The rupee strengthened to a six-week high of about 74.17 per dollar, supported by equity gains and IPO-related inflows. Traders expected the RBI to intervene to smooth any sharp move ahead of its policy decision.
Rupee strength reduces the local cost of dollar-priced feed imports for India, a minor factor for feed buyers.
moneycontrol.comReutersAug 4, 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.
