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The rupee rose 30 paise to 70.05 per dollar in opening trade, helped by foreign fund inflows, a weaker dollar and lower crude prices. Crude had fallen 4.24% the previous day after a rise in US inventories, then recovered slightly.
Domestic stocks opened up to 1%.
A cheaper crude import bill eases India's current account pressure, which supports the rupee and lowers the cost of dollar-priced imports.
thehindubusinessline.comPTIDec 28, 2018Not enough comparable past events yet for a historical read.
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.
