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The Indian rupee closed July at 74.41 per dollar, losing 0.1% on the month after a 2.4% fall in June. The 10-year bond yield rose for a second straight month to close at 6.20%, with high global crude weighing on sentiment.
A weaker rupee raises the local cost of imported feed inputs such as soymeal and corn, while higher crude adds to freight and energy costs for Indian feed buyers.
business-standard.comReutersJul 30, 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.
