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The rupee closed 2019 at 71.36 per US dollar, down 5 paise on the day and 2.28% for the year. Losses were attributed to trade war concerns, a rebound in crude oil prices and higher import bills, with gold imports also cited.
A weaker rupee raises the local cost of imported feed inputs and soymeal for Indian buyers, while a firmer dollar can soften US export prices in dollar terms.
thehindu.comPTIDec 31, 2019Not 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.
