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Rice export prices extend fall on muted demand, weak rupee
Hindustan Times Rajasthan
|January 03, 2025
Top exporter India's rice prices fell for a third straight week to a 17-month low on weak demand and depreciation in the rupee to a record low.
"Demand was weak from both Asian and African buyers due to the New Year holidays. It could pick up next week," a Kolkata-based dealer with a global trade house said.
The Indian rupee hit a record low against the dollar last week, effectively increasing the margins of exporters.
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