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The Indian rupee opened at 94.89 per dollar on November 2, extending a recovery from a record low of 95.28 reached in the prior session. The Friday rebound was attributed to heavy dollar selling by a large foreign bank, though traders could not identify the specific flows.
A stronger rupee lowers the rupee cost of dollar-priced feed imports such as soymeal and corn, but weakness across Asian currencies makes the recovery hard to sustain. Buyers should watch for renewed rupee weakness that would raise landed feed costs.
cnbctv18.comAnshulNov 2, 2026Not 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.
