| Though demand-supply is the prime factor influencing commodity prices, any variation in the value of currency will also have a telling effect on prices . Since India meets its demand for various products through imports, a weak rupee will escalate its landed cost and apparently, that will have an effect on retail prices as well.
Apart from non-agriculture commodities such as gold, silver, crude oil and base metals, the edible oil complex and cotton are the other commodities that are largely influenced by a weaker rupee...............................................Full Article: Source
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