Loading…
The rupee fell 27 paise to close at 65.72 per dollar, its lowest level in six and a half months, as dollar demand and foreign capital outflows intensified. The currency has lost about 3% over 14 trading sessions.
Expectations of further US rate hikes and a sharp fall in Indian equities added to the pressure.
A sharply weaker rupee makes dollar-priced imports such as soymeal and feed ingredients more expensive for Indian buyers. Persistent weakness could slow purchases until the currency stabilises.
india.comAbout the Author PTI FeedsSep 27, 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.
