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An explainer on the rupee's record slide past 79 per dollar, with the rupee down more than 6% in 2022 and forex reserves falling below $600 billion. It describes RBI efforts to smooth the currency's fall and outlook for further weakness.
Rupee weakness raises the cost of imported goods for India, supporting the dollar against emerging-market currencies and influencing Indian buying of imported oilseeds and meals. The price effect on feed commodities is indirect.
thehindu.comPrashanth PerumalJun 30, 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.
