Loading…
The rupee slid to a six-month low of 72.27 per dollar on Friday and closed at 72.17. Foreign investors sold heavily in Indian equities and bonds as coronavirus spread outside China.
The Sensex had its second-biggest one-day fall in history.
Foreign selling and a weaker rupee add pressure on Indian import costs and dollar-priced inputs. The broader risk-off move reflects a flight to safety that can weigh on emerging-market currencies and commodities.
gulfnews.comBabu Das Augustine, Banking EditorFeb 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.
