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USD/INR traded moderately higher after the rupee tested 73.42, with RBI intervention preventing sharp appreciation beyond 73.50. India's November exports fell 9.07% and imports fell 13.33%, with April-November exports down about 19%.
Persistent RBI intervention to keep the rupee weak supports USD/INR and Indian export competitiveness, which matters for the cost of dollar-priced feed imports.
in.investing.comDec 3, 2020Not 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.
