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The rupee fell 105 paise to close at 73.47 per dollar on February 26, its biggest single-day drop since the March 2020 pandemic crash. The fall came alongside an equity selloff and a surge in US bond yields as global markets turned risk-averse.
A weaker rupee raises India's crude import bill and imported inflation pressure, and it can push Indian buyers to pay more for dollar-priced feed inputs. The yield-driven outflow risk could keep the rupee under pressure.
timesofindia.indiatimes.comTNNFeb 26, 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.
