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The rupee fell below 84.50 per dollar for the first time, hitting an all-time low of 84.5025 on Friday. The fall followed a post-US-election dollar rally and more than $4 billion in foreign outflows from Indian equities and bonds this month.
Record rupee weakness raises India's import costs for dollar-priced commodities and feed inputs. Continued foreign outflows could keep pressure on the currency.
reuters.comNov 22, 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.
