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The rupee traded 0.5% higher at 73.54 per dollar after falling more than 2% the previous week. Traders cited renewed border tensions with China and expectations of a record Indian GDP contraction of about 20% for the April-June quarter.
Weakness in the rupee raises the cost of imported feed inputs for India, and a deep economic contraction could reduce domestic feed demand.
currencylive.comFiona CincottaAug 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.
