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The rupee rose 8 paise to close at 75.54 per US dollar on June 1, helped by easing US-China trade worries and India's phased reopening of the economy after a lockdown. Foreign fund inflows and a weaker dollar also supported the currency.
A stronger rupee makes dollar-priced imports such as soybean meal and vegetable oil slightly cheaper for Indian buyers, with little direct effect on global prices.
thehindu.comPTIJun 1, 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.
