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The rupee closed at 69.43 against the dollar on January 1, gaining 34 paise on exporter dollar selling and firm equities. The currency had fallen 9.23% in calendar 2018.
A firmer rupee reduces the local cost of imported feed inputs, but this was a routine session-level move with no new supply or demand driver.
thehindu.comPTIJan 1, 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.
