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The Indian rupee fell to a lifetime low of 83.9850 per dollar on Thursday. Importers were buying dollars for immediate and future payments, and central bank intervention limited the decline.
Heavy importer dollar demand at record lows raises the rupee cost of dollar-priced imports such as feed ingredients and edible oils.
reuters.comSep 5, 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.
