Loading…
The rupee slid 22 paise to 70.08 per dollar in early trade on rising global crude prices and fresh dollar demand from banks and importers. Brent edged up to $74.60 a barrel.
A rating agency warned that a 10% crude spike could widen India's current account deficit and push the rupee down 3-4%.
Persistent crude strength raises India's import costs and currency risk, which can increase the price of imported feed ingredients in rupee terms.
indiatvnews.comPTIMay 1, 2019Not enough comparable past events yet for a historical read.
Not 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.
