Loading…
The rupee closed 4 paise lower at 64.19 per dollar on July 31, its second straight loss, as month-end dollar demand from importers and corporates offset early gains. Traders stayed on the sidelines ahead of the Reserve Bank of India's August 2 policy review, where a rate cut is widely expected.
A weaker rupee raises the local cost of imported feed inputs such as soymeal and corn, while the expected RBI rate cut could add pressure on the currency over the coming weeks.
thehindu.comPTIJul 31, 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.
