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The rupee fell 62 paise, or 0.9%, to close at 72.09 per dollar, its weakest close since early September. Speculative long positions were unwound after weak industrial output data and a Moody's outlook revision, and the central bank was absent from the market.
Weak macro data and the absence of central bank support raise the rupee cost of dollar-priced feed imports, which squeezes Indian buyers.
thehindu.comSpecial CorrespondentNov 13, 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.
