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The rupee closed lower at 64.01/0125 per dollar on August 29 as importers increased dollar demand at month-end. It had closed at 63.9050/9150 the previous session.
Month-end importer dollar demand is a routine currency fluctuation with limited effect on feed commodity prices. It signals only short-term pressure on the rupee.
business-standard.comCapital MarketAug 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.
