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The rupee rose 73 paise to close at 72.87 against the US dollar after the RBI announced liquidity-boosting steps including term repo operations. A weaker greenback and firmer equities also supported the currency.
A firmer rupee reduces the rupee cost of dollar-priced feed imports into India, though the effect on global feed prices is small.
indianexpress.comDebashish PachalSep 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.
