Loading…
The rupee fell 31 paise to 82.23 per dollar in early trade on Friday amid foreign fund outflows and elevated crude prices near $84 a barrel. The dollar index was roughly flat near 101.76.
Rupee weakness lifts the rupee cost of imported feed ingredients, while elevated crude prices add to energy and freight costs for feed makers.
business-standard.comPress Trust of IndiaAug 1, 2023Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
