Loading…
The rupee fell 20 paise to close at 74.99 per dollar, its worst weekly loss since April, as crude oil and the dollar index rose. The Reserve Bank of India kept its repo rate at 4% with an accommodative stance and suspended its bond-buying quantitative easing programme.
The RBI's suspension of bond purchases and the rupee's weakness raise India's cost of dollar-priced imports. Higher crude prices add to the pressure on feed and freight costs.
thehindu.comPTIOct 8, 2021Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
