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The rupee climbed toward 68.5 per dollar as investors speculated that the US Federal Reserve might delay the rate cut it had signalled in June, following strong US jobs data. Analysts expected the rupee to trade between 68.4 and 69.2 through July.
Expectations of a delayed Fed cut support the dollar and pressure emerging-market currencies, which can raise import costs for India. The effect on feed prices is indirect.
zeebiz.comJul 8, 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.
