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The rupee reached a 21-month high of 63.93 per dollar after moving past 65 in early April and has appreciated 5.4% in the current fiscal year. Foreign inflows totaled Rs 21,886 crore, mostly into debt markets, and analysts expect strength to persist for one to two months.
A stronger rupee lowers the local cost of dollar-priced imports for India, but the flows behind the move may reverse, adding currency volatility for buyers of imported feed ingredients.
zeebiz.comPooja JaiswarApr 28, 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.
