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The Reserve Bank of India plans at least one more rupee-dollar swap after the election and open market operations of up to Rs 500 billion over two months. The aim is to inject liquidity and lower interest rates to support slowing growth.
Growth slowed to 6.6 percent in October-December.
Looser Indian monetary policy supports domestic demand for meat and dairy and therefore feed demand, but the effect on global feed prices is small. The swap may also weigh on the rupee.
business-standard.comReutersMay 7, 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.
