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Analysis of trade data from the November 8 demonetisation announcement and the November 9 Trump election shows that offshore markets led rupee price discovery at certain times. The authors warn that the growing offshore role makes the rupee more exposed to international shocks.
This is background on currency market structure with no direct effect on agricultural supply, demand or prices.
livemint.comSargam Jain, Anjali SharmaJan 17, 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.
