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Reserve Bank of India Governor Sanjay Malhotra said the central bank does not target a specific rupee exchange rate, but acts to maintain orderly foreign-exchange markets and curb excessive speculation. The rupee recovered for eight consecutive days after nearing 97 per US dollar, then eased to 94.83; Malhotra cited 7.8% quarterly GDP growth while acknowledging elevated inflation.
Currency movements affect the cost of imported feed ingredients and fertilizers in India, with a stronger rupee easing import costs and a weaker one raising them. The article describes recent recovery but gives no new policy target or direct commodity-price signal.
wsiglobalnet.comAmb. Frankie SimonisNov 7, 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.
