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The rupee opened 29 paise lower at 73.76 per dollar on March 1, weighed down by significant foreign fund outflows and rising crude oil prices. Brent rose 1.51% to $65.39 per barrel.
Foreign outflows and higher oil costs push the rupee weaker, raising the cost of dollar-priced imports for India. The effect on feed-grain prices is modest and indirect.
thehindu.comPTIMar 1, 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.
