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The Indian rupee weakened on Tuesday amid sustained foreign institutional outflows and rising US bond yields tied to higher odds of a Trump win. Foreign investors withdrew about $10 billion from Indian equity and debt markets in October, the heaviest monthly selling this year.
Heavy foreign outflows pressure the rupee higher against the dollar, raising import costs for Indian buyers of soy and vegetable oil products.
fxstreet.comLallalit SrijandornOct 29, 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.
