Loading…
The rupee closed almost flat at 70.92 against the US dollar after paring early gains, as importers and banks bought dollars. Crude prices rising and month-end dollar demand from oil importers weighed on the currency.
A weaker rupee raises the cost of imported inputs for Indian feed makers, while higher crude prices feed through to freight and energy costs for feed ingredients.
business-standard.comBusiness StandardOct 31, 2019Not enough comparable past events yet for a historical read.
Not 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.
