Loading…
The Indian rupee fell to a record low of 68.8650 against the dollar on November 24. The decline was driven by a rallying US dollar, capital outflows from emerging markets, and concern over India's demonetisation drive.
A weaker rupee raises the dollar cost of Indian imports of feed inputs and energy, while the broad emerging-market sell-off tightens financing for importers. Buyers should expect higher landed costs for dollar-priced feed ingredients.
reuters.comNov 24, 2016Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
