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The rupee reached 94.97 per dollar in early trade on November 2, 21 paise weaker than the October 30 close. The Reserve Bank of India reported that forex reserves fell $1.269 billion to $719.748 billion in the week through October 23.
Declining reserves reflect central bank intervention to defend the rupee, which limits how far it can weaken and keeps import costs for feed ingredients somewhat contained. Continued drawdowns would raise the risk of a sharper depreciation.
econotimes.comAdrian ValeNov 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.
