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The rupee hit record lows against the dollar on Tuesday as higher oil prices raised inflation concerns, though RBI dollar selling limited losses. Traders saw the rupee heading toward 79-79.50.
Higher crude raises India's import bill and trade deficit, pressuring the rupee and making imports more expensive. This signals weaker Indian purchasing power for commodities priced in dollars.
cfo.economictimes.indiatimes.comwww.ETCFO.comJun 28, 2022Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
