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The rupee closed at 89.23 per dollar on Wednesday, nearly flat, as domestic equity gains and a fall in crude offset a stronger greenback. Foreign fund outflows and geopolitical concerns pushed investors toward safe havens.
Traders expect the rupee to stay between 89 and 89.50.
A rupee trading in a narrow range keeps dollar import costs for India stable, while a fall in crude eases energy-related import bills.
Not 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.