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The rupee fell past 67 per dollar as oil prices passed $75 a barrel and Middle East tensions persisted. Rising US bond yields are also drawing capital away from India.
India imports about 80% of its crude, so higher oil prices directly widen the trade deficit and raise import costs, weighing on the currency and on demand for dollar-priced imports.
firstpost.comS MurlidharanMay 8, 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.
