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The rupee hit a record low of 83.6650 per dollar before settling at 83.6425, driven by equity outflows, importer dollar demand, and broad dollar strength. Foreigners had sold a net $2.6 billion of local equities that year.
Currency weakness raises India's import costs for dollar-priced commodities, which can curb buying and modestly pressure global feed-ingredient prices.
timesofindia.indiatimes.comTOI Business DeskJun 20, 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.
