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The Reserve Bank of India kept its repo rate unchanged at 6.5% on October 5, against market expectations of a 25 basis point hike. The Sensex fell 792 points and the rupee slid past 74 per dollar.
The unexpected policy hold removed support for the rupee and signalled tolerance of currency weakness, which keeps Indian import costs elevated. This is a modest bearish factor for Indian feed import demand.
timesofindia.indiatimes.comTIMESOFINDIA.COM / Updated: Oct 6, 2018, 13:55 ISTOct 6, 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.
