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The rupee rose to a six-month high near 69.24 against the dollar before giving back gains, after weaker dollar moves and firm domestic equities. The article cites a strong US payrolls report and Fed patience as dollar-weakening factors.
A firmer rupee lowers the cost of imported feed ingredients for Indian buyers, though the move is driven by currency flows rather than grain supply.
livemint.comStaff ReporterFeb 1, 2019Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
