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The Indian rupee hit a three-month high of 74.5562 per dollar after breaking out of a tight trading band, closing up 0.5%. It gained 1.3% over the week, Asia's best performance, on strong inflows and expectations the central bank may slow dollar purchases.
A firmer rupee lowers the local cost of imported edible oils and other feed inputs for India, modestly easing import demand pressure on global oilseed prices.
bloomberg.comSubhadip SircarJul 3, 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.
