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The Indian rupee posted its biggest one-day gain in 21 months after the Reserve Bank of India announced new measures to stabilise markets, including bond operations and eased held-to-maturity limits for banks. The central bank also said the rupee's appreciation helps contain imported inflation, leading traders to expect fewer aggressive dollar purchases.
A stronger rupee and reduced RBI dollar buying tilt the currency backdrop for Indian feed and oilmeal import costs, with a softer dollar-rupee rate lowering landed costs modestly.
reuters.comSwati BhatSep 1, 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.
