# Asia rice: Lacklustre demand, weak rupee drag down India rates - Markets - Business Recorder

> Indian 5% broken parboiled rice fell to $539-$545 per ton as buyers held off purchases. The rupee hit a record low, which raised exporters' returns on overseas sales.

- Date: 2024-08-08 · published 2024-08-08T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/28866-asia-rice-lacklustre-demand-weak-rupee-drag-down-india-rates-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weak demand and a cheaper rupee are pushing Indian export offers lower, adding pressure on global rice prices.

## Read by commodity

- RICE: bearish ▼
- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40316561

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.