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The rupee breached 86 per dollar on January 13 as a strong dollar, higher crude oil prices and foreign equity selling weighed on the currency. Traders said the Reserve Bank of India had allowed the rupee to depreciate in the preceding days.
Higher crude prices raise India's import bill and add to currency pressure, which increases the cost of imported feed ingredients. The dollar strength also weighs on dollar-priced grain markets.
indianexpress.comHitesh VyasFeb 1, 2025Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
