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The Indian rupee opened 6 paise weaker at 75.02 per dollar on Wednesday. Firm crude oil prices and a strong U.S. dollar weighed on the currency.
Brent crude was down 0.49% at $85.98 a barrel.
A weaker rupee alongside firm crude raises India's import bill for oil, feed and other dollar-priced goods. The move is small and mostly reflects routine trading.
timesofindia.indiatimes.comPTIOct 27, 2021Not 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.
