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The rupee fell to an intraday all-time low of 77.53 and closed at 77.46 per dollar on May 9, 2022, pressured by a strong dollar and foreign fund outflows. The RBI reportedly intervened in all foreign-exchange markets.
Foreign investors pulled Rs 6,400 crore from Indian equities in the first five sessions of May.
Persistent rupee weakness raises the cost of imported crude and inputs for India, a major importer of edible oils, which can shift Indian demand for imported oilseed products.
livemint.comNishant Kumar, MintGenie TeamMay 10, 2022Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
