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The Indian rupee has strengthened only about 0.94% against the dollar over six months, lagging peers such as the Malaysian ringgit and South African rand. The dollar index fell below 89, a three-year low, after US Treasury Secretary Mnuchin endorsed a weaker dollar.
A weaker dollar lifts emerging-market currencies, while rising oil prices pressure India's import bill and inflation. For feed buyers, a firmer rupee lowers the local cost of dollar-priced imports such as soymeal and corn.
business-standard.comAnup Roy, Rajesh BhayaniJan 31, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
