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The rupee fell 0.25% to 81.22 per dollar after shedding nearly a percent from a high of 80.51. Heavy dollar demand from importers hedging in spot and forward markets drove the decline, while the dollar index slipped 0.3%.
Importer dollar buying pushes the rupee weaker, raising India's import costs for dollar-priced goods, though the effect on feed prices is limited.
india.comAbout the Author India.com Business DeskDec 1, 2022Not 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.
