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DBS Group's chief economist forecasts the rupee could weaken beyond 71 per dollar by June next year as rising oil prices widen India's current-account deficit. The rupee touched a record low of 69.0925 on Thursday.
A bearish rupee forecast tied to higher oil prices points to persistently costly energy imports and constrained Indian demand for imported feed ingredients. The outlook is a forecast rather than a new supply or demand shock.
business-standard.comAnirban Nag, BloombergJun 28, 2018Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, 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.
