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The rupee fell 13 paise to settle at 82.01 per dollar on Wednesday due to elevated crude prices and month-end dollar demand from importers. Traders adjusted positions ahead of the Fed's rate decision that evening.
Higher crude prices and a weaker rupee raise the cost of imported feed inputs and energy for Indian buyers, though the move is small.
rediff.comRediff NewsJul 26, 2023Not 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.
