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The rupee rose to near six-month highs of 73.39 per dollar on Friday, gaining about 2% on the week. The RBI did not intervene to slow the appreciation, while foreign capital inflows into equities and expectations of looser Fed policy supported the currency.
A stronger rupee lowers the local cost of imported feed ingredients for India, but the effect on global feed prices is limited.
indianexpress.comENS Economic BureauAug 28, 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.
