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The rupee ended almost flat at 71.12 against the dollar as traders awaited the US Federal Reserve policy outcome and India's Union Budget. The currency had briefly fallen to 71.36 intraday before recovering.
A weaker rupee raises the local cost of imported feed ingredients, but the move was marginal and largely reflected event positioning rather than a new driver.
thehindu.comPTIJan 30, 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.
