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Strategists expect the rupee to rebound into 2019 as crude oil slumps, the Federal Reserve slows its tightening pace, and portfolio flows improve. The currency was Asia's worst performer in 2018 after high crude prices and a strong dollar weighed on it, and foreigners pulled about $12 billion from Indian stocks and bonds.
Lower oil prices shrink India's import bill and current account deficit, which supports the rupee and reduces the dollar cost of energy and imported feed inputs.
timesofindia.indiatimes.comBloombergDec 20, 2018Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
