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Commentary says the rupee gained nearly 2.8% over seven sessions, outperforming Asian peers, and that the RBI may let the rupee weaken again because of open market operations driving liquidity. The RBI also announced a special OMO round worth Rs 20,000 crore for September.
If the RBI allows the rupee to weaken after its gains, Indian import costs for dollar-priced feed ingredients would rise modestly.
cnbctv18.comAmit PabariSep 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.
