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The rupee ended the week at a fresh two-and-a-half-month high of 64.15 per dollar after a volatile session in which it gained 17 paise on the day. The gains followed heavy dollar unwinding by speculative traders after the Fed signalled a slow pace of monetary tightening, backed by strong capital inflows into equities.
A stronger rupee lowers the local cost of dollar-priced feed imports, but the effect on Indian feed prices is limited.
zeenews.india.comJul 29, 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.
