Loading…
Indian equities lost ground in September as foreign investors sold heavily, with net outflows of $1.11 billion this month after $2 billion in August. The rupee fell 2.2% in the month, its worst performance since November, amid slower growth, rising oil prices and worries about a wider fiscal deficit.
Foreign investors called part of the selling profit-taking, and the central bank holds record reserves of $402.5 billion.
A weaker rupee raises the rupee cost of imported inputs and energy for India, which can affect feed ingredient purchasing and import demand. The effect on grain and oilseed prices is indirect and limited.
sg.finance.yahoo.comReutersSep 29, 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.
