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The rupee fell 21 paise to 75.94 per dollar on March 30 as Brent rose about 1.9% to $112.30 a barrel. Indian oil marketing companies also raised petrol and diesel prices again, with the total increase over nine days reaching Rs 5.60 per litre.
Higher crude and fuel costs raise India's import bill and inflation risk, which pressures the rupee and adds to domestic transport and logistics costs for feed ingredients.
zeebiz.comPTIMar 30, 2022Not enough comparable past events yet for a historical read.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
