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The rupee fell 1.1% to 64.8450 per dollar on May 18, its largest drop since June 2016. The slide followed a global selloff driven by political turmoil in the US and Brazil, and the Sensex also fell.
A weaker rupee raises the local-currency cost of dollar-priced imports, including feed ingredients and oil. Indian buyers may pull back on purchases, which weighs slightly on import demand.
bloomberg.comKartik GoyalMay 18, 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.
