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The rupee rose 9 paise to 70.81 against the dollar in early trade after the Fed cut rates for the third time. Equity gains and persistent foreign fund inflows supported the currency, while rising crude oil capped gains.
A firmer rupee lowers the local cost of imported soymeal and vegetable oils for Indian buyers, while higher crude prices add to energy and freight costs.
thehindu.comPTIOct 31, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
