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A Livemint analysis expects the rupee to stay rangebound near term and possibly settle around 80 to 80.5 per dollar over six months. It attributes the outlook to a less hawkish Fed, lower crude prices after a roughly 50% correction, and improving sentiment.
Lower energy prices and a softer dollar would reduce India's import costs and support demand for dollar-priced agricultural commodities, but the forecast is speculative.
livemint.comRitika ChhabraJan 1, 2023Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
