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The rupee fell to a new five-year low of 68.97 against the dollar in early trade, extending losses after crude prices reversed a fall. Capital outflows and trade tensions between the US and China added to the pressure.
A weaker rupee raises the local cost of dollar-priced feed imports, and rising crude adds to India's import bill. Both factors feed into domestic feed cost inflation.
preprod.financialexpress.comAbhijeet SinghJul 3, 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.
