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The rupee recovered from a near one-month low to close at 64.44 per dollar on May 27. The recovery came from dollar selling by banks and exporters and a weaker greenback after the Fed signaled a cautious approach to rate hikes.
A stronger rupee lowers the local cost of dollar-priced imports. The move is routine and does not shift global feed supply or demand.
deccanchronicle.comDC CorrespondentMay 27, 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.
