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The rupee weakened past 65 per dollar for the first time since November 21, 2017, and bond yields rose to a two-year high. Minutes from the Reserve Bank of India meeting showed most members turned hawkish over inflation, and one suggested a series of rate hikes might be needed.
Minutes from the US Federal Reserve also pointed to continued rate increases.
Expectations of higher rates in India and the US lift the dollar against emerging-market currencies and raise funding costs. Rupee weakness raises the cost of imported feed ingredients.
hindustantimes.comRavindra N. SonavaneFeb 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.
