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The rupee settled flat at 88.69 per US dollar on October 31, paring intraday losses. The US Federal Reserve cut rates by 25 basis points as expected, but Chair Powell signaled inflation remains above target and reduced hopes for a December cut.
Reduced expectations for further Fed easing support the dollar, which can weigh on dollar-denominated commodity prices and raise the cost of imports for India.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.