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The rupee was poised to hit a new lifetime low near 81.30 per dollar as the dollar index rose to its highest since 2002 and the pound collapsed. The RBI had sold dollars at 81.20 the previous Friday.
Broad dollar strength and Asian currency weakness raise the local-currency cost of imported commodities for Indian buyers, a modest bearish factor for demand.
financialpost.comReutersSep 26, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
