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The rupee rose for the first time in six days on February 15 as reports of Russian troops returning to base eased tensions over Ukraine. Brent slipped about 2.4% to near $94 a barrel, and analysts expected the rupee to weaken toward 76 over three months on inflation and monetary policy divergence.
Lower crude on de-escalation reduces input and freight costs for feed producers. The rupee outlook signals continued dollar strength pressure on Indian import costs.
business-standard.comPuneet Wadhwa, Nikita VashishtFeb 16, 2022Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
