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The rupee closed at a five-month high of 63.68 per dollar on January 1, gaining 19 paise as banks and exporters unwound dollar positions. India's forex reserves rose to a lifetime high of $404.9 billion.
Currency strength in India reduces the local cost of imported feed ingredients. The effect on global feed prices is limited.
thehindu.comPTIJan 1, 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.
