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The rupee weakened 7 paise to close at 74.51 against the dollar on January 20 as foreign fund outflows and rising crude prices hurt sentiment. Brent crude rose 0.44% to $88.11 a barrel.
Rupee weakness alongside higher crude raises the rupee cost of dollar-priced feed imports for India, a routine daily move with limited global price impact.
archive.siasat.comPress Trust of IndiaFeb 1, 2022Not enough comparable past events yet for a historical read.
Not 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.
