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The rupee closed 10 paise stronger at 68.86 per dollar on March 26 after the RBI's first rupee-dollar swap auction drew bids of $16.31 billion against the $5 billion notified. Foreign fund inflows and strong domestic equity buying also supported the currency.
A firmer rupee lowers the local-currency cost of imported feed inputs for India and can cut the rupee value of export sales. The effect on global feed prices is small.
timesofindia.indiatimes.comPTI / Mar 26, 2019, 18:02 ISTMar 26, 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.
