Loading…
The rupee weakened against the dollar as State Bank of India Research forecast a 40% GDP contraction in the June quarter and Fitch cut its FY21 GDP outlook to -5%. US-China tensions over Hong Kong also boosted safe-haven dollar demand.
Weak growth and risk-off flows pressure the rupee, which raises India's import costs for dollar-priced feed ingredients.
currencylive.comFiona CincottaMay 27, 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.
