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The Indian rupee is on track for its worst monthly loss in six years as domestic growth slows, foreign investors pull money from local equities, and the currency increasingly tracks the yuan amid the US-China trade war. JP Morgan expects the rupee to approach its record low by year-end, while Nomura forecasts 72.5 per dollar.
A weaker rupee lowers India's effective import costs for feed inputs and raises export competitiveness for Indian meal, but it reflects broader risk aversion that can pressure dollar-denominated feed commodity demand from India.
hindustantimes.comKartik Goyal, Subhadip SircarAug 28, 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.
