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The Reserve Bank of India appears to be containing rupee appreciation despite strong foreign portfolio inflows, which has left the currency about 2.5% weaker in 2019. Officials argue a weaker rupee supports exports and competitiveness while the economy is slowing.
A deliberately weak rupee keeps Indian import costs for feed ingredients elevated and supports Indian export competitiveness for meal and other products.
indianexpress.comSandeep Singh, Sunny VermaDec 8, 2019Not 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.
