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The rupee fell sharply on February 26, settling at 73.47 per dollar, after Indian equities dropped nearly 4% on rising US bond yields. Analysts expected further pressure as markets feared US rate increases following a planned $1.9 trillion stimulus package.
Equity outflows and a stronger dollar weaken the rupee, raising the cost of dollar-priced imports for India. The story concerns currency and equity flows, with little direct effect on feed commodities.
rediff.comPRASANNA D ZOREMar 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.
