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The Indian rupee fell below 75 per dollar for the first time in eight months on April 12, 2021, as record COVID-19 cases and a possible lockdown in Maharashtra weighed on sentiment. Rising US bond yields after strong US inflation data also pressured emerging Asian currencies and equities.
The currency move raises India's import costs in dollar terms and reflects broader EM pressure from higher US yields. Continued rupee weakness supports USDINR strength.
brecorder.comReutersApr 12, 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.
