Loading…
The rupee rose 77 paise to a three-month high of 69.85 per dollar on November 29, its third straight gain. Crude oil slipped below $60 a barrel on supply glut fears, and the Sensex rose on fresh foreign inflows.
Lower crude prices ease India's inflation and current account pressure, supporting the rupee. Importers may keep buying dollars to cover exposure given volatile markets.
timesofindia.indiatimes.comPTIDec 1, 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.
