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The rupee weakened to 74.375 per dollar as higher oil prices, foreign fund outflows and a firm dollar pressured the currency. The dollar index traded near 92.42, below a two-and-a-half-month high.
Higher oil prices and a weaker rupee increase India's import costs for feed ingredients, supporting domestic prices.
finance.yahoo.comVivek KumarJul 1, 2021After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
