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The rupee settled 6 paise lower at 70.90 against the dollar ahead of the Fed policy decision, after touching a low of 71.03. Brent crude declined slightly to $61.54 a barrel and foreign investors bought equities.
Currency moves in the rupee affect the landed cost of imported feed ingredients for Indian buyers, and crude prices feed into freight and processing costs.
thehindu.comPTIOct 30, 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.
