Loading…
Indian exporters say the rupee's 6% depreciation in 2020 improves competitiveness for farm, textile and gems exports. APEDA data show FY20 agricultural and processed food exports fell to $35.1 billion from $38.5 billion.
Analysts see the rupee possibly reaching 80 per dollar.
A weaker rupee can make Indian rice and other farm exports more competitive, which could support Asian rice demand and pressure global rice prices lower.
business-standard.comDilip Kumar JhaJun 30, 2020After 16 past bearish macro events, RICE moved a median +0.2% over 5 sessions (50% higher; middle half -5.1% to +1.7%), and +4.1% over 20.
Not 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.
