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The rupee jumped 69 paise to 64.63 per dollar on November 17 after Moody's upgraded India's sovereign rating to Baa2 with a stable outlook. The upgrade was the first in 13 years and followed economic and institutional reforms, and the Sensex rose sharply at the open.
The sovereign upgrade attracts capital inflows and strengthens the rupee, lowering India's dollar cost of imported vegetable oils and other feed inputs.
deccanchronicle.comDC CorrespondentNov 17, 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.
