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A UBS note says India's record forex reserves of $421 billion mask vulnerabilities in its external position, with reserves covering a smaller share of external debt than before the financial crisis. The rupee is among Asia's worst performers this year as foreign investors pull out of bonds.
Currency vulnerability in India can raise import costs and affect policy responses, which matters for buyers of imported oilseeds and feed inputs priced in dollars.
business-standard.comAnirban Nag, BloombergMar 22, 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.
