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USD/INR fell to 73.77 in early trade, a two-week low, as the three-year Indian Treasury yield hit a record low and short-term money-market rates dropped. Dollar weakness and liquidity from RBI foreign-exchange intervention were cited as the drivers.
A softer USD/INR reduces the rupee cost of dollar-priced feed imports, but the move is routine and has limited impact on feed prices.
octaafrica.netNov 26, 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.
