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The Reserve Bank of India cut its repo rate by 40 basis points to 4% in an unscheduled move on May 22, citing a sharp slowdown and an extended lockdown. The rupee traded near 75.78 and analysts expect it to underperform in the coming weeks.
Easier monetary policy and expected rupee weakness raise the rupee cost of dollar-priced feed imports, while a weaker economy dampens domestic feed demand.
forexcrunch.comFX StreetMay 22, 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.
