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India's Economic Survey 2022-23 said the rupee may stay under depreciation pressure as exports plateau and the current account deficit widens to 4.4% of GDP in the September quarter. The rupee opened weaker at 81.64 per dollar, and the survey noted commodity prices remain above pre-Ukraine-war levels.
A persistently weak rupee and high import bill can raise India's cost of imported vegetable oils, feed ingredients and fertiliser, supporting import-parity prices.
timesofindia.indiatimes.comPTIJan 31, 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.
