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The rupee rose 25 paise to 68.33 against the dollar in early trade on July 11. The gain followed Fed Chair Jerome Powell's comments that the central bank was ready to act to support growth, which raised expectations of a July rate cut.
Expectations of Fed easing weaken the dollar and can support commodity prices. For feed buyers, the effect is indirect and modest.
thehindu.comPTIJul 11, 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.
