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The Indian rupee declined against the dollar on Tuesday, tracking a broad slide in Asian currencies led by the yuan after China's 2022 growth slumped to near a half-century low. The rupee traded at 81.76 per dollar.
Weakness in the yuan and Chinese growth signals softer Chinese import demand for feed commodities, while a softer rupee raises Indian import costs.
brecorder.comReutersJan 17, 2023After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
Not 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.
