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The rupee weakened for a fourth straight session, closing at 75.17 per dollar, and lost 77 paise over four days. Markets were jittery after reports of a new coronavirus strain in Africa, and equities fell sharply.
Goldman Sachs forecast the rupee at 72 in 12 months.
Currency weakness in India raises the cost of imported feed inputs and can curb import demand. Renewed Omicron fears also point to softer energy demand.
timesofindia.indiatimes.comTNNNov 30, 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.
