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The US Dollar Index rose 0.73% after US job growth exceeded expectations, while the dollar in Mumbai traded above 94 rupees. Global crude recorded its steepest weekly decline in six years, and local bullion-market trading was closed for Saturday, with gold and silver prices reported higher in Mumbai.
A stronger dollar and stalled rupee gains imply upward pressure on USDINR, while the sharp crude decline lowers India’s import-cost burden and may support the rupee. Weaker crude prices are bearish for oil benchmarks.
gujaratsamachar.comBharat RamiNov 8, 2026After 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.
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.
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.
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.
