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Moody's local unit ICRA warns that RBI efforts to tighten rupee liquidity to halt the currency's slide may squeeze Indian bank profitability. The rupee touched a record low on Thursday as oil prices rose.
The story concerns banking sector effects of currency defense rather than agricultural supply or demand. Its link to feed commodities is indirect, through Indian import capacity.
thenationalnews.comBloombergJun 29, 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.
