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The rupee settled 9 paise lower at 75.60 per dollar on Wednesday as rising COVID-19 cases and foreign fund outflows weighed on sentiment. Forex traders described very lacklustre trading with no clear direction.
A weaker rupee raises the landed cost of imported feed ingredients and vegetable oils for Indian buyers, though moves were small and routine.
thehindu.comPTIJul 1, 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.
