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The rupee touched a record low of 74.50 in early trade on October 11, after closing at 74.20 the previous session. Foreign investor outflows and importer dollar demand were cited, and the Sensex fell about 3% at the open.
Continued rupee weakness raises the cost of imported grains, oilseeds and feed ingredients in India and may reduce purchases. Equity sell-offs can also tighten financial conditions for importers.
thehindu.comSpecial CorrespondentOct 11, 2018Not 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.
