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The rupee opened 3 paise lower at 70.77 per dollar on March 1 after India's GDP growth slowed to a five-quarter low of 6.6%. The dollar rose against major currencies after stronger-than-expected US GDP data.
Slower Indian growth and a firmer dollar weigh on the rupee, which raises the local cost of imported feed. The effect on global grain and oilseed prices is small.
m.economictimes.comETMarkets.comMar 1, 2019Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
