Loading…
ICICI Direct's currency report recommends selling USD/INR with targets of 65.05 to 64.95. It notes the rupee had its biggest one-day gain in nearly four weeks ahead of the Federal Reserve meeting, and that the November futures contract ended at 65.07.
Government bond yields also rose on supply concerns.
A stronger rupee against the dollar lowers the local-currency cost of imported feed inputs for India, but the trading call itself has little direct effect on global grain or meal prices.
moneycontrol.comOct 31, 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.
