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The rupee settled 6 paise higher at 68.79 against the dollar on July 31 as traders awaited the outcome of the US Federal Reserve meeting. Trading stayed in a narrow range after US-China trade talks in Shanghai ended without a breakthrough.
Rupee moves affect the cost of imported feed ingredients for India, though this move was small and driven mainly by Fed and trade-talk uncertainty. Feed buyers should see little direct price impact.
asianage.comDC CorrespondentJul 31, 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.
