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The rupee hit a record low of 95.32 per dollar on Thursday after Brent jumped about 7% to $126, its highest since June 2022. Analysts see further downside toward 96-97, citing oil, foreign institutional outflows and a hawkish Fed.
Rising oil prices widen India's current account deficit and drive dollar demand, which points to continued rupee weakness and higher import costs for feed-related commodities and energy.
business-standard.comNikita VashishtApr 30, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
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.
