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Analysts at DBS say Indian onshore markets are caught between higher oil prices from renewed Middle East hostilities and improving capital inflows. The rupee has fallen 1.1% this month and about 6% year to date against the dollar, with 95.00 seen as a floor.
A weaker rupee raises the local cost of dollar-priced feed imports, and the oil-driven pressure that is weighing on it also raises energy and freight costs for Indian feed buyers.
fxstreet.comFXStreet Insights TeamJul 31, 2026Not 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.
