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The rupee was on track for its third straight weekly decline and had fallen more than 1.5% in May, making it one of the weakest Asian currencies. Traders said the drop reflected dollar outflows, hedging and the unwinding of long rupee positions, and the currency had closed at its intraday low for three sessions.
A weaker rupee raises the local-currency cost of imported feed ingredients for India. Persistent outflows point to continued pressure on import-dependent buyers.
reuters.comMay 23, 2025Not 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.
