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A BBC viewpoint piece explains that the Indian rupee hit a record low of 72.7 per dollar on September 11, 2018, down more than 11% in about six months. Drivers cited include higher oil import costs, since India imports over 80% of its oil, and foreign investors pulling money out ahead of expected US rate rises.
Persistent rupee weakness raises the cost of imported energy and makes Indian buyers of dollar-priced commodities, including feed ingredients, more expensive to supply, which can dampen import demand.
bbc.co.ukSep 13, 2018Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
