Loading…
The Indian rupee rose 24 paise to 68.08 per dollar, a one-week high, on dollar selling by banks and exporters. Dealers attributed the rally to a weaker US dollar after Donald Trump's press conference offered little clarity on stimulus and trade policy.
A stronger rupee makes Indian imports of feed inputs cheaper in rupee terms and slightly dampens export competitiveness; the effect on grain and oilseed prices is minor.
thehindubusinessline.comThe HinduBusinessLineJan 12, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
