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The rupee depreciated sharply in August, falling from 68.9 to beyond 72 per dollar, as foreign portfolio investors pulled out. Analysts argue that currency weakness offsets the benefit of lower crude oil import costs and slowing domestic demand.
Persistent rupee weakness raises the cost of imported feed ingredients and fertilizer for Indian livestock and poultry producers, though lower crude prices partly offset it.
thehindubusinessline.comOct 21, 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.
