Loading…
The rupee weakened to 74.94 per dollar as heavy dollar demand from defence spending met Reserve Bank of India intervention. The RBI is parking accumulated dollars in the forward market to improve liquidity.
Currency intervention shapes the rupee's cost of imports, and a weaker rupee raises the price of imported vegetable oils and feed ingredients for Indian buyers.
business-standard.comAnup RoyJul 7, 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.
