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The Indian rupee hit a near 1.5-year high against the dollar after President Trump failed to pass a healthcare reform bill, which raised doubts about US fiscal stimulus. The Reserve Bank of India intervened to cap the gains, and Indian bond yields fell on strong dollar inflows.
Currency moves tied to US policy setbacks and capital flows shift the cost of dollar-priced imports for Indian feed buyers without a direct change in crop supply.
thehindu.comReutersMar 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.
