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The rupee has fallen to about 72.24 per dollar, close to a nine-month low, and is the only losing emerging Asian currency this quarter. Pressure comes from rising public debt, a credit crunch at shadow banks and a Moody's outlook cut, with India's growth expected to slow to a six-year low.
A weaker rupee alongside slowing Indian growth points to softer demand for imported feed ingredients and a higher rupee cost of dollar-priced imports.
m.economictimes.comBloombergNov 25, 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.
