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The Indian rupee strengthened against the US dollar, opening at 75.69 and reaching a day's high of 75.64 after a previous close of 75.96. Broad dollar weakness and firmer domestic equities supported the currency, with lockdown easing lifting global risk sentiment.
A firmer rupee lowers the local cost of dollar-priced feed imports such as soybean meal and corn from the Americas, modestly easing India's import costs.
livemint.comSurajit DasguptaJun 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.
