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The rupee was set to finish 2021 as Asia's worst-performing currency, with global funds pulling about $4 billion from Indian equities. Goldman Sachs and Nomura had cut their outlooks on Indian stocks, and the currency fell 2.2% in the quarter.
A record trade deficit and policy divergence with the Federal Reserve also weighed on the rupee.
Continued rupee weakness makes dollar-priced imports more expensive for Indian buyers and could push domestic inflation higher. This would support higher local feed input costs.
indianexpress.comDebashish PachalDec 21, 2021Not 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.
