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The rupee fell to a fresh lifetime low of 68.86 against the dollar on November 24, losing 30 paise amid sustained foreign capital outflows. Investors were shifting toward the dollar on expectations of protectionist policies under Donald Trump and expansionary fiscal measures.
Surging US bond yields and the dollar's multi-year highs against major currencies added pressure.
Rising US yields and the dollar's strength tighten conditions for emerging-market currencies, raising the rupee cost of dollar-priced imports. Importers face higher costs and need to plan for continued volatility.
thestatesman.comPTINov 24, 2016Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
