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The rupee settled 10 paise weaker at 70.80 per US dollar on February 13, 2019, ending a six-day winning run. Dollar buying by oil importers and a stronger greenback against major currencies weighed on the rupee, while crude prices were rising on expected OPEC supply cuts.
Rising crude prices and a weaker rupee together increase India's import costs for energy and feed-related inputs. The effect on feed prices is modest in the short term.
thehindu.comPTIFeb 13, 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.
