Loading…
The rupee has lost more than 11% against the US dollar over 14 months and about 2.3% since April, weaker than during the 2013 crisis. The RBI has avoided aggressive defence measures, and the article attributes the pressure to global factors rather than domestic macroeconomic weakness.
A weaker rupee raises the cost of imported feed ingredients and fuel for Indian buyers, and it also aids export competitiveness.
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.