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The Indian rupee fell 2.8% in 2024 to close at 85.6150 per US dollar, marking a seventh straight annual decline. Losses were concentrated in the last quarter after Donald Trump's US election win lifted the dollar, while slowing growth and a wider trade deficit added pressure.
A weaker rupee raises the cost of imported feed inputs and fertilizer priced in dollars for India, while making Indian exports such as rice and meal more competitive abroad.
reuters.comJaspreet KalraDec 31, 2024Not 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.
