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The Indian rupee slipped from near six-month highs on Monday after India said it had foiled an attempt by Chinese troops to change the status quo on their disputed border. Traders said the rupee had rallied sharply the previous week and the border news triggered selling.
Renewed India-China tension can weaken the rupee and raise import costs for Indian buyers of feed inputs, while doing little to move global grain prices.
business-standard.comReutersAug 31, 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.
