Loading…
The rupee weakened 14 paise to close at 64.52 per dollar after the RBI kept its repo rate unchanged at 6.0% but raised its inflation forecast for the rest of the fiscal year to 4.3-4.7%. Importer dollar demand added pressure, while a softer dollar index limited the losses.
A higher inflation outlook with rates on hold weakens the rupee and raises the local cost of dollar-priced feed ingredients imported into India.
thehindubusinessline.comDec 6, 2017Not 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.
