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The Indian rupee recovered 8 paise to close at 70.79 per dollar on November 27, after the Chinese foreign ministry described a mutually beneficial agreement between Trump and Xi. The currency had hit an intraday low of 71.02 before paring losses.
Easing US-China trade tensions and softer crude prices support the rupee by lifting risk appetite and exporter dollar selling. Lower oil also reduces India's import bill.
timesofindia.indiatimes.comPTIDec 1, 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.
