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The rupee settled 2 paise higher at 72.92 per US dollar on Wednesday ahead of a Federal Reserve policy meeting. The dollar index rose 0.25% to 90.39.
Traders cited IMF upgrades to global growth forecasts, including 11.5% growth for India in 2021.
Small moves in the rupee have little direct effect on feed commodity prices, though a firmer rupee slightly eases Indian import costs.
hindustantimes.comPTIJan 27, 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.
