India rice prices dip on rupee dive, fresh supply prospects weigh on Thai rates
Updated : June 28, 2018 04:10 PM IST
Prices of India's 5 percent broken parboiled variety fell by $2 to $392-$396 per tonne, the lowest in more than a year, as the rupee slumped to a record low, allowing traders to cut prices.
The Indian rupee has declined about eight percent so far in 2018, increasing exporters' returns from overseas sales.
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