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The Indian rupee fell 8 paise to close at 94.84 against the US dollar on Monday, weighed down by a firm greenback in overseas markets. The rupee had gained 50 paise in the previous session and opened lower, hitting an intraday low of 95.04.
A weaker rupee raises the local-currency cost of imported feed ingredients and fertilisers for India, while crude oil softening provided some support. Currency moves like this feed into Indian buyers' import costs for soymeal and other feed inputs.
Not 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.