# USD/INR: We would caution against turning too positive on the Rupee - Commerzbank - Forex Crunch

> Commerzbank said the rupee is weaker on firmer oil prices and cautioned against being too positive on the currency. It noted the rupee rose nearly 4% in Q4 2018 on a sharp oil price drop and flagged RBI policy uncertainty after a governor resignation.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/61360-usd-inr-we-would-caution-against-turning-too-positive-on-the-rupee-commerzbank
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Oil-linked currency swings directly affect India's feed import costs, and the analysts expect the rupee to stay vulnerable to renewed oil strength.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-09-27 | [The Commodities Feed: The power crunch spreads to the rest of the complex \| snaps \| ING THINK](https://feedsoft.ai/events/11976-the-commodities-feed-the-power-crunch-spreads-to-the-rest-of-the-complex-snaps.md) | +2.5% | +13.7% |
| WTI | 2021-08-24 | [The Commodities Feed: USD provides a boost to the complex \| snaps \| ING THINK](https://feedsoft.ai/events/12116-the-commodities-feed-usd-provides-a-boost-to-the-complex-snaps-ing-think.md) | +5.5% | +7.4% |
| WTI | 2025-02-01 | [Why rupee breached 86 against US dollar: strengthening dollar, weak FII inflows](https://feedsoft.ai/events/26786-why-rupee-breached-86-against-us-dollar-strengthening-dollar-weak-fii-inflows.md) | -2.1% | -5.8% |
| WTI | 2022-07-19 | [Indian Rupee Hits Weakest Level Ever Against the Dollar](https://feedsoft.ai/events/40777-indian-rupee-hits-weakest-level-ever-against-the-dollar.md) | -4.9% | -12.1% |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/01/16/usd-inr-we-would-caution-against-turning-too-positive-on-the-rupee-commerzbank/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.