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The rupee depreciated about 2.3% in 2020, making it the worst-performing Asian currency, while Indian bonds rallied. The RBI's foreign exchange reserves rose by about $120 billion as it intervened to keep the currency weaker.
A weaker rupee, kept that way by RBI reserve buying, raises the local cost of dollar-denominated feed ingredient imports and supports Indian export competitiveness.
business-standard.comAnup RoyDec 31, 2020Not 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.
