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The rupee closed up 24 paise at 69.44 per dollar, a one-week high, after the US Federal Reserve signaled a possible rate cut. Brent crude rose about 2.7% to $63.47 a barrel on rising US-Iran tensions, which limited the rupee's gains.
A weaker dollar on Fed easing expectations supports emerging-market currencies, while higher crude raises India's import bill and energy-linked feed and freight costs.
business-standard.comBusiness StandardJun 20, 2019Not 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.
