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The rupee hit a fresh low past 95 per dollar and settled at 94.92, as the 10-year Indian government bond yield rose above 7% in step with crude prices. The RBI's net short forward book exceeded $100 billion, and the central bank sold dollars to limit the decline.
Rising yields and a weaker rupee tighten financial conditions and raise import costs for India, while the central bank's large short-dollar position adds risk of future dollar demand.
business-standard.comAnjali KumariApr 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.
