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The rupee closed at 69.84 per dollar on Thursday, gaining 1.1% and posting its best monthly performance since September 2013. Brent has fallen 22% in the past month, and the Fed's dovish comments supported the rally.
Falling oil prices and a softer dollar have eased India's external balance concerns, reducing pressure on the currency. Analysts expect gains to slow from here, which limits the further drop in USD/INR.
ndtvprofit.comBQ DeskNov 29, 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.
