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The Indian rupee closed at 64.46 per dollar on November 30, reversing a three-day rally after falling 15 paise. Concerns over India's fiscal deficit, which reached 96.1% of the budget estimate by end-October, and a possible extension of OPEC crude output cuts weighed on the currency.
A weaker rupee raises India's cost of imported crude and edible oils, which can dampen Indian import demand for vegetable oils and feed-related commodities while crude strength lifts feed input costs.
business-standard.comPress Trust of IndiaNov 30, 2017Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
