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The rupee was expected to open near its lifetime low on Tuesday, with non-deliverable forwards pointing to 88.74–88.78 per dollar. Weakness across Asia and US trade tensions were weighing on the currency.
Foreign investors pulled $1.8 billion from Indian equities the previous week.
Continued rupee weakness raises the cost of dollar-denominated feed imports for India. Hopes for a fast cut in the US tariff from 50% to 25% have faded, which limits near-term relief.
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.