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The Indian rupee weakened to a four-month low of 65.18 per US dollar after India's current account deficit widened to 2% of GDP in the December quarter. Losses in local markets over five consecutive sessions also weighed on sentiment, and traders awaited the Federal Reserve meeting.
A weaker rupee raises the cost of imported feed ingredients and vegetable oils for Indian buyers, while a firmer dollar tends to pressure dollar-priced commodities.
hindustantimes.comRavindra N. SonavaneMar 19, 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.
