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The Indian rupee broke the 69-per-dollar level for the first time and is down over 8 percent in 2018. Rising crude prices and US-China trade war concerns were cited as the drivers of the weakness.
A weaker rupee alongside higher crude raises India's import costs and can curb its purchasing of imported feed inputs. The move reflects broader emerging-market currency pressure.
moneycontrol.comMoneycontrol.comJul 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.
