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The rupee fell to an all-time low of 74.23 intraday on October 5 after the RBI kept its key rates unchanged, before settling at 73.76. The rupee had fallen 13.5% in 2018, making it Asia's worst-performing currency.
The RBI hold surprised markets and deepened currency weakness, which raises India's import bill for oil and dollar-priced feed inputs. This is mildly bearish for Indian demand for imported feed commodities.
timesofindia.indiatimes.comTIMESOFINDIA.COMNov 1, 2018Not 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.
