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The rupee fell 22 paise to close at 65.50 per dollar on October 3, 2017, as expectations of a US Federal Reserve rate hike strengthened the dollar. Importers, corporates and capital outflows added pressure, and traders awaited the RBI policy decision the next day.
Government bond yields were roughly flat.
A weaker rupee raises the local cost of dollar-priced feed imports into India, but the effect on global feed prices is limited.
thehindubusinessline.comRajalakshmi SOct 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.
