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The Indian rupee fell 58 paise to a record closing low of 86.62 per dollar on January 13, its steepest single-day fall in nearly two years. The decline was attributed to a stronger U.S. currency, surging crude oil prices and large foreign capital withdrawals.
A steep rupee depreciation raises the cost of dollar-priced feed and energy imports for India. It also signals dollar strength that tends to pressure dollar-denominated commodity prices.
thehindu.comPTIFeb 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.
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.
