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The rupee fell 9 paise to 74.23 per dollar on Thursday, its fifth straight session of losses, as risk aversion and foreign fund outflows weighed. Analysts said markets were pricing in a rollback of pandemic-era easing as growth recovers.
The dollar index slipped slightly to 94.29.
A weaker rupee raises the rupee cost of imported feed ingredients for Indian buyers. The move is a routine daily decline driven by sentiment rather than a new supply or policy shock.
thestatesman.comPTISep 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.
