Loading…
The rupee fell 20 paise to close at 70.92 per dollar on March 1. Traders cited India's slower October-December GDP growth of 6.6%, higher crude prices, and faltering US-China trade talks.
A weaker rupee raises the cost of imported crude and feed inputs for India. The slowdown in growth also points to softer domestic demand.
business-standard.comPress Trust of IndiaMar 1, 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.
