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The rupee settled 9 paise lower at 71.12 per dollar as crude oil prices rose and the greenback strengthened overseas. The RBI also announced a special open market operation aimed at lowering long-term bond yields, and the rupee fell 29 paise over the week.
Rupee weakness linked to higher crude costs raises India's import bill, which can squeeze buying power for imported feed ingredients.
firstpost.comDec 20, 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.
