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A HinduBusinessLine column says the RBI's dollar-rupee swap auction was a strong success, with banks bidding $16.31 billion against the $5 billion sought. It argues the RBI may use such tools to limit rupee appreciation, since a stronger rupee could hurt exports.
Official efforts to cap rupee strength affect the value of India's exports and imports. The commentary has little direct effect on feed prices.
thehindubusinessline.comLokeshwarri SKMar 27, 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.
