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The rupee settled 24 paise stronger at a two-month high of 64.46 per dollar, extending its third straight weekly gain. The move followed Moody's first sovereign upgrade for India in over 13 years and S&P keeping its BBB- rating with a stable outlook.
A stronger rupee lowers the local cost of dollar-priced feed imports into India, easing pressure on buyers.
archive.siasat.comDec 3, 2017Not 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.
