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The rupee gained 0.6% year-to-date against the dollar and rose to 72.57 in the week before February 22, its strongest level since March. Inflows of almost $4 billion into Indian equities this month have helped it break past the central bank's intervention barrier.
A firmer rupee lowers the local-currency cost of dollar-priced imports such as crude oil and feed ingredients. The RBI's efforts to keep the currency competitive may limit how far the rupee can strengthen.
theprint.inDavid FinnertyFeb 22, 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.
