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India's benchmark 10-year bond yield fell for a fifth straight week to 5.98%, supported by a 350-billion-rupee bond purchase by the Reserve Bank of India. The rupee rose to 72.83 per dollar, its strongest close since March 30, on dollar sales by foreign banks.
A stronger rupee and easier bond conditions lower the local cost of dollar-denominated feed imports. The price impact on feed commodities is modest.
brecorder.comReutersMay 21, 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.
