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The rupee fell 6 paise to settle at 71.37 per dollar on Friday, tracking domestic equity selling and a stronger dollar. Crude oil prices rose that day and weighed on the currency.
The rupee had gained 3 paise over the week.
Higher crude prices raise India's import costs, and a weaker rupee makes dollar-priced feed ingredients more expensive for Indian buyers. The move is small and within a narrow trading range.
thehindu.comPTIFeb 14, 2020Not 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.
