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The rupee fell 104 paise to settle at 73.47 against the dollar on February 26 as Indian stocks dropped more than 3.75% in a global bond-yield selloff. US 10-year yields rose to about 1.6%, which analysts linked to expected US inflation.
Rising US yields and a stronger dollar pull capital out of emerging markets and weaken the rupee, which raises the cost of dollar-priced imports for Indian feed buyers. The move also reflects broader risk-off conditions that can spill into commodity prices.
indianexpress.comENS Economic BureauFeb 27, 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.
