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The Indian rupee fell sharply on February 24 after Russia invaded Ukraine, closing at 75.65 from 74.56 in the prior session and testing 76.00 intraday. Crude oil rose nearly 8% and foreign institutional investors were net sellers, with Indian bond yields also rising.
A sharp rupee drop and oil spike raise import costs for India, a major buyer of edible oils and feed inputs. Higher crude also increases diesel and freight costs along the feed supply chain.
equitybulls.comEquity BullsFeb 25, 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.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% 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.
