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RBI Governor Shaktikanta Das told the Financial Times he does not expect India to face stagflation and that consumer inflation should moderate. The USD/INR pair nonetheless rose 0.5% to 73.48 after hitting multi-month lows of 73.05, helped by month-end dollar demand.
The move is a short-term currency swing with little direct effect on feed commodity prices, though it shifts the cost of imported inputs for Indian buyers.
ms.octabroker.comAug 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.
