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The Indian rupee has been unusually stable amid volatile global currency markets driven by President Trump's comments. A volatility gauge for the rupee fell to its lowest level since shortly after the November 2016 US election.
The rupee has declined 1.8% against the dollar since 8 November.
Low rupee volatility keeps India's import costs for dollar-priced feed ingredients predictable. The stability suggests no strong directional pressure on USD/INR.
wsj.comSaumya VaishampayanFeb 2, 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.
