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The rupee opened slightly weaker at 73.63 per dollar on October 19 as the dollar strengthened after minutes from the US Federal Reserve showed continued support for tightening. Crude oil was firm and foreign investors continued to sell Indian shares.
A firmer dollar and steady capital outflows keep the rupee under pressure, supporting Indian import costs. The impact on feed markets is modest and mainly through purchasing power.
cnbctv18.comAastha AgnihotriOct 19, 2018Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
