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The rupee closed higher at 64.6250/6275 per dollar on May 25. The move followed a broad weakening of the US dollar after Fed FOMC minutes pointed to a gradual, cautious rate hike in June.
A softer dollar tends to support dollar-priced commodities such as grains and oilseeds. The effect on feed prices from this currency move alone is small.
business-standard.comCapital MarketMay 25, 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.
