Loading…
The rupee fell 6 paise to close at 71.38 per dollar on Monday, pared early losses and settled lower on forex outflows. Crude oil prices eased that day.
Traders focused on the upcoming RBI policy meeting and concerns over fiscal slippage and coronavirus.
Easing crude and a slightly weaker rupee leave India's import costs roughly unchanged. The RBI policy decision could shift the currency outlook, but the day's move is small and has little effect on feed prices.
business-standard.comPress Trust of IndiaFeb 3, 2020Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
