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The Indian rupee hit a record low on December 2 as concerns about economic growth slowing to a seven-quarter low combined with strong dollar bids in the non-deliverable forwards market. The move reflects broader dollar strength.
A record-low rupee lifts the rupee cost of dollar-priced imports such as soybean oil, fertilizer and energy, and can shift Indian demand for imported feed ingredients.
reuters.comJaspreet KalraDec 2, 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.
