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The rupee fell 8 paise to close at 64.87 per dollar after a previous session's 28-paise drop to a three-month low. Importers and banks sought dollars amid heavy capital outflows and concerns about a spike in crude prices.
Forward premiums also eased.
Dollar demand from importers and capital outflows keep pressure on the rupee, raising the rupee cost of dollar-priced feed imports. Forward premium moves suggest hedging costs are easing slightly.
indianexpress.comThe Indian ExpressMar 1, 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.
