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The rupee rose to a one-month high of 70.68 against the dollar on strong domestic stock gains and easing crude prices. Brent slipped to $61.33 a barrel on signs of rising US crude stockpiles.
Lower crude reduces India's current account pressure and supports the rupee, which lowers the local cost of imported feed ingredients.
livemint.comSurajit DasguptaOct 29, 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.
