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The rupee fell to a one-month low of 64.63 per dollar on June 29, extending a three-session slide amid sustained dollar demand from importers. Currency traders stayed cautious ahead of the GST rollout from July 1.
A weaker rupee raises the local-currency cost of imported feed ingredients such as soymeal and corn for Indian buyers, while a stronger dollar tends to pressure dollar-priced commodities.
thehindubusinessline.comRajalakshmi SJun 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.
