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Crude oil prices slipped to multi-month lows on recession fears, and the rupee opened 20 paise higher at 69.50 per dollar. The rupee had snapped a three-session losing streak on Friday, settling at 69.70.
India's GDP growth for the March quarter slowed to 5.8%, the weakest in more than four years.
Falling crude lowers India's import costs and eases pressure on the rupee, while weaker growth raises expectations of RBI easing that could support domestic livestock feed demand.
business-standard.comSI ReporterJun 3, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
