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The rupee rose 18 paise to close at 75.36 per US dollar on June 2, after Prime Minister Modi pledged further structural reforms and a return to growth. Forex traders also cited positive domestic equities, a weaker dollar and foreign inflows.
A firmer rupee lowers Indian import costs for dollar-priced feed inputs marginally, with no clear effect on global feed prices.
newindianexpress.comFrom our online archiveJun 2, 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.
