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The rupee hit a record low of 70.64 per dollar on August 29 after falling sharply following the RBI's annual report release, and closed at a record 70.59. It is the worst-performing Asian currency in 2018, down about 10.87 percent against the dollar.
Rupee weakness raises India's import costs and can reduce purchasing power for imported vegetable oils and feed ingredients, a modest bearish factor for demand.
financialexpress.comAbhijeet SinghAug 29, 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.
