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The Sensex fell 769 points, or 2.06%, and the rupee fell 1.4% to its lowest since November on September 3, 2019. Weak Indian Q1 GDP growth of 5% and weak core sector data drove the sell-off.
US-China tariff tensions added to the currency's weakness.
Weaker domestic growth reduces India's demand for imports and pressures the rupee, which raises the cost of dollar-priced inputs. The impact on grain and feed prices is indirect.
thehindu.comSpecial CorrespondentSep 3, 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.
