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Bloomberg reports that JPMorgan economist Sajjid Chinoy said a sustained rupee weakness could push the Reserve Bank of India to tighten monetary policy as early as its October meeting. The rupee lost 3.5% in August and is Asia's worst performer this year, mainly on concerns about a widening current-account deficit.
Expected RBI tightening and a weak rupee would squeeze Indian domestic demand and raise import costs, which could limit Indian buying of imported feed ingredients.
livemint.comAnirban Nag, BloombergSep 3, 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.
