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The rupee settled 17 paise higher at 94.58 per dollar on Wednesday, its second straight session of gains. Support came from lower crude prices, a weaker dollar and foreign institutional inflows, with FIIs net buyers for a third day.
Lower crude and capital inflows strengthening the rupee reduce the rupee cost of imported feed, though the move is small and routine in nature.
Not enough comparable past events yet for a historical read.
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.