INR seen supported by soft dollar, sliding oil prices and sharp gains in local equities| Capital Market News

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-6.3%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%
• Aug 31, 2019Rupee Vs Dollar: turmoil in both global equity and currency markets | VARINDIA+1.1%
• Dec 20, 2018Oil prices tumble to lowest in more than a year as equities sell off-8.1%
• Dec 6, 2023Plummeting Vegetable Oil Prices Shake Markets with a 5% Dive | AgriTalker – Agriculture, Climate and Environment News-4.6%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Mar 1, 2019Canadian Dollar Slumps on `Gruesome' GDP and Sliding Oil Prices - Bloomberg-1.0%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-7.0%
• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%
• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail+5.4%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+1.3%

Not enough comparable past events yet for a historical read.