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The Indian rupee was little changed at 81.665 per dollar as a drop in oil prices was offset by steady corporate dollar demand from importers. Brent fell more than 3% overnight below $90 a barrel on COVID concerns in China and fears of aggressive US rate hikes.
Lower crude prices ease the import bill for oil-importing Asian economies, but persistent dollar demand limits the currency's response to the drop in oil.
brecorder.comReutersNov 18, 2022Not 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.
