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The rupee was little changed near 82.80 per dollar as the dollar index traded below 104, while Brent rose to $82.6 and WTI to $78.6 on tight US fuel stocks. Analysts expected a range of 82 to 83 with the RBI possibly intervening to limit moves.
Higher crude prices raise India's import costs and pressure the rupee, while a softer dollar supports dollar-priced commodities; the net effect on feed buyers is modest in this range-bound setting.
cnbctv18.comAsmita PantJan 1, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
