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Reuters reports that the Indian rupee rallied as much as 1.1% to 71.92 per dollar after hitting a record low of 72.9138 earlier, as an official said the government may announce measures to support the currency. The government did not rule out a rate increase, and the Sensex and bond yields rebounded from recent losses.
Government support measures could stabilise the rupee and ease pressure on Indian import costs, but the policy outlook remains uncertain, so feed import demand may stay sensitive to currency swings.
gulfnews.comBloombergSep 12, 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.
