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The rupee rose 5 paise to 64.10 per dollar in early trade on Monday, reaching a two-month high of 64.08, as the dollar slid in international markets. The currency is up nearly 6 percent this year, supported by strong domestic institutional inflows and a rally in Indian equities.
Sustained rupee strength reduces the rupee cost of dollar-priced imports, but the market impact on feed commodities is small.
businesstoday.inAseem ThapliyalJul 31, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
