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The rupee rose to its strongest level in nearly two weeks, touching 94.51 per dollar in early trade on November 4. Democrats won majorities in both the US House and Senate, which weighed on the greenback against major currencies.
Data also showed a early revival in foreign investment in Indian stocks.
A firmer rupee and a weaker dollar reduce the cost of dollar-priced feed imports into India. The effect on global grain and meal prices is limited, since the move mainly reflects US political and currency factors.
financialnewsletter.comReutersNov 4, 2026
centraloregondaily.comJaspreet KalraNov 4, 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.
