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The rupee has breached 85 per US dollar, versus about 83 in April and about 61 a decade ago, as the currency keeps weakening against the dollar. The article explains how exchange rates are set by relative demand for each currency.
A structurally weaker rupee makes dollar-priced imports such as crude oil, fertilizer and vegetable oils more expensive for India, which can reduce its import demand.
indianexpress.comUdit MisraDec 21, 2024Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, WTI moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
