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The rupee weakened toward a record low on Thursday as importers bought dollars for month-end payments and traders weighed uncertainty over Trump's trade policies. The Reserve Bank of India sold dollars, which limited the rupee's losses, and the rupee closed lower on the day.
Month-end dollar demand and trade-policy uncertainty keep the rupee under pressure, which raises the cost of dollar-priced imports. Central bank intervention is capping the move but not reversing it.
fxstreet.comLallalit SrijandornNov 28, 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.
