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The Indian rupee fell to a record low of 83.43 on Friday before closing at 83.4250 against the dollar, a 0.7% weekly decline. Traders expect the RBI to step in to limit depreciation this week, while Indian bond yields will track US Treasuries.
A weaker rupee raises the cost of imported feed ingredients and soy products priced in dollars for Indian buyers, while RBI intervention could limit that effect.
bfsi.economictimes.indiatimes.comET BFSIMar 26, 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.
