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The rupee has been one of Asia's best-performing currencies, breaking above the 73 per dollar level and ending at 72.77 on Tuesday. Foreign portfolio investor outflows in May narrowed after a week of considerable inflows.
Continued rupee strength and foreign inflows reduce India's local-currency cost of dollar-priced feed imports. The move is a currency story with little direct effect on grain or oilseed prices.
thehindubusinessline.comAkhil NallamuthuMay 26, 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.
