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The rupee appreciated to 79.425 per dollar on August 17 as oil prices fell and risk sentiment improved. Corporate dollar outflows of over $1 billion were expected to create dollar demand.
Lower oil prices ease India's dollar demand for imports, supporting the rupee and modestly lowering feed import costs.
reuters.comNimesh VoraAug 17, 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.
