Loading…
The Indian rupee fell 23 paise to settle at 74.10 per US dollar, slipping below the 74 level and hitting a two-month low. Investors sought safe-haven dollar assets amid weak domestic equities and rising COVID-19 cases prompting lockdowns in some EU countries.
A weaker rupee raises the landed cost of imported feed inputs and vegetable oils for India, while global risk aversion can pressure commodity prices broadly.
thehindu.comPTIOct 29, 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.
