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The rupee traded near 82.26 per dollar on March 29 and was slightly weaker. Traders noted that dollar inflows could cap downside and that expected Fed rate cuts had moderated after the banking turmoil.
Routine currency moves with limited direct impact on feed commodity prices. Fed rate expectations are the main driver of the dollar's direction.
brecorder.comReutersMar 29, 2023Not enough comparable past events yet for a historical read.
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.
