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The rupee weakened to around 71.95 per dollar in early trade on rising crude prices and foreign fund outflows. India's exports fell for the first time in nine months in June, partly due to the US-China trade war, and Brent crude slipped to about $60.11.
Weaker Indian export demand and a softer rupee reflect trade-war drag on emerging Asian import demand, a modest negative for global feed ingredient demand.
varindia.comAug 31, 2019Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, 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.
