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The Indian rupee fell 22 paise to close at a three-week low of 71.49 against the US dollar on January 30. The move followed heavy domestic equity selling, Fed policy holding rates steady, and concern about coronavirus, with a first positive case reported in Kerala.
A weaker rupee raises the rupee cost of imported feed ingredients and energy for Indian buyers, while coronavirus-driven risk-off sentiment pressures emerging-market currencies.
thehindu.comPTIJan 30, 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.
