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The rupee closed at 74.06 per dollar, down 23 paise, as weaker Asian currencies and heavy domestic equity sell-offs weighed on sentiment. Rising crude prices added pressure, with Brent up 0.89% to $80.24 a barrel.
Bond yields rose ahead of Federal Reserve Chair Powell's testimony.
Higher oil prices and a weaker rupee raise the cost of imported feed and energy for India. Both pressures point to somewhat higher landed feed costs in the near term.
auto.economictimes.indiatimes.comET AutoSep 28, 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.
