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Credit Agricole CIB expects the rupee's volatility to ease as surging foreign inflows and a possible hawkish RBI turn support the currency. The bank forecasts 74 per dollar at year-end versus a Wednesday close of 74.59.
Higher oil prices and rising commodity imports threaten India's current account, but a firmer rupee would lower the local cost of imported feed ingredients.
business-standard.comRonojoy Mazumdar, BloombergJul 15, 2021Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
