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The rupee has gained about 6% against the dollar this year and is the top carry-trade currency in emerging markets. The Reserve Bank of India has tolerated the gains, and foreign investors have added more than $14 billion to Indian bonds and equities.
Persistent rupee strength makes dollar-priced imports cheaper for India, but it weighs on exporters. The effect on global feed commodity prices is limited.
livemint.comLilian Karunungan, Kartik GoyalMay 16, 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.
