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Analysts expect the Indian rupee to weaken near term due to rising crude oil prices and volatile inflation, and they say Indian equity markets have not fully priced this risk. The comment came from a Baroda BNP fixed income chief.
A weaker rupee raises the cost of dollar-priced feed imports into India. Higher crude prices also add to input and freight costs.
business-standard.comHarshita SinghAug 23, 2023Not 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.
