Loading…
The Indian rupee has weakened 9.5% this year as the central bank sold dollars to defend it, depleting forex reserves to $545 billion from a peak of $642 billion a year earlier. Economists say the RBI may need to revert to older tools to rebuild reserves.
A weaker rupee and shrinking RBI reserves raise India's import costs and can restrain its buying of vegetable oils and meal, a modest bearish signal for demand from the Indian market.
reuters.comAnushka TrivediSep 27, 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.
