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Analysts say steady rupee depreciation is hurting Indian equities, as a weaker currency creates an inflation overhang. The rupee closed at about 76.23 per dollar on December 15, down 0.47% on the day.
Outflows linked to a wider current account deficit and Fed tapering were cited as drivers.
Persistent rupee depreciation raises the cost of imported inputs and can tighten financial conditions for Indian importers. This keeps local feed costs under upward pressure.
business-standard.comKrishna KantDec 15, 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.
