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The Indian rupee recovered from a record low of 77.7975 on May 17, 2022, after the Reserve Bank of India sold dollars through state-run banks. Bond yields rose alongside higher global crude prices.
Wholesale price inflation reached 15.08% in April.
Central bank intervention limits near-term rupee weakness, but high inflation and crude costs keep Indian import costs elevated for vegetable oils and other feed-related imports.
finance.yahoo.comSwati BhatMay 17, 2022Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (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.
