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The rupee closed at a record low of 68.79 per dollar, its fourth straight session of losses, and intraday touched 69.10. Weak global cues, rising oil prices, and concerns about inflation and fiscal slippage weighed on the currency.
Rising oil prices and a weaker rupee increase India's import costs and may pressure feed buyers' purchasing power for imported ingredients. Central bank intervention could tighten liquidity.
timesofindia.indiatimes.comPTI / Jun 28, 2018, 20:17 ISTJul 1, 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.
