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A Reuters poll finds the Indian rupee has fallen almost 16% this year, regularly setting all-time lows, making it one of the worst-performing Asian currencies. Investors have shunned emerging market assets amid trade tensions and rising dollar yields from the Federal Reserve's steady rate hikes.
A widening current account deficit from higher crude prices and capital outflows has weighed on the rupee, which raises India's import costs. Poll expectations point to continued pressure on the currency.
reuters.comShrutee SarkarNov 1, 2018Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
