Rupee finally bounces back, closes at 93.90 on Friday, after hitting nearly 97/$ in May and Oct

Not enough comparable past events yet for a historical read.

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.

• Nov 3, 2021Rupee rises by 22 paise to nearly 1-month high on FPI flows | Business+0.3%
• Oct 12, 2020Oil falls nearly 3% as production comes back online+0.7%
• Aug 15, 2021Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times-8.9%
• Aug 30, 2022Oil dives nearly $6 a barrel on demand fears, Iraq exports | Reuters-10.4%
• Jun 13, 2022ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market - ABC News-9.2%

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.

• Nov 29, 2018Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s | News on Markets - Business Standard+5.8%
• Nov 3, 2021Rupee rises by 22 paise to nearly 1-month high on FPI flows | Business+0.1%
• Oct 12, 2020Oil falls nearly 3% as production comes back online-0.3%
• Sep 27, 2019Rupee rallies to nearly 2-month high as crude subsides | Rupee rallies to nearly 2-month high as crude subsides-7.3%
• Nov 29, 2017Rupee rises for 3rd day, hits new 2-month high ahead of GDP data | News on Markets - Business Standard-0.7%