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India's stock market suffered its worst single-day fall on record on March 23, with the Nifty 50 down 12.98% and the Sensex down 13.15%. The rupee hit a record low of 76.16 per dollar as several states and districts imposed lockdowns.
Lockdowns and capital flight weaken Indian demand and the rupee, which raises the rupee cost of imported feed inputs and pressures local feed and meat demand.
reuters.comMar 23, 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.
