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The rupee weakened about 0.33% to 63.86 per dollar after the Indian budget was presented, with the government targeting a 2018-19 fiscal deficit of 3.3% of GDP. Higher taxes on capital gains and mutual fund income were introduced.
A wider budget deficit combined with rising oil imports raises the risk of rupee weakness. The currency move has limited direct impact on global feed prices.
poundsterlinglive.comJan 31, 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.
