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The rupee fell to become Asia's worst-performing currency after a rebound in oil prices and concerns about a costly farm bailout ahead of elections due by May. Analysts said it could trail regional peers while oil stays elevated.
Higher oil prices and a weaker rupee raise India's import and feed costs, and fiscal worries around farm payouts add pressure on the currency.
thenationalnews.comBloombergJan 13, 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.
