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The rupee closed down 31 paise at 70.87 against the dollar on September 30, 2019, as foreign fund outflows and global risk aversion over US-China trade concerns weighed on the currency. Crude oil prices eased on the day, and the RBI capped early gains.
US-China trade talks were scheduled to resume on October 10.
Currency moves tied to Sino-US trade uncertainty affect the cost of dollar-priced imports for India and can shift global demand sentiment for commodities. The effect on grain and feed prices is indirect and modest.
firstpost.comSep 30, 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.
