
The rupee rose 22 paise to 74.46 per dollar, a near one-month high, on foreign fund flows into domestic IPOs and easing crude prices. It has strengthened 57 paise over five sessions.
Brent fell 1.63% to $83.34 per barrel, and India's services sector grew at its fastest pace in ten and a half years in October.
A stronger rupee lowers the local cost of imported feed ingredients, while lower crude eases energy and freight costs. The move is driven by capital flows and a weaker dollar rather than any change in grain supply.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% selama 20 sesi.
Setelah 312 peristiwa makro bearish sebelumnya, Minyak Mentah (Brent) bergerak median -1,7% selama 5 sesi (38% lebih tinggi; separuh tengah -5,4% sampai +2,3%), dan -1,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Dated 2021-11-03, it reports crude easing (Brent -1.63%) on the same day as the WTI drop, confirming the selloff, though it is more a symptom than a cause.
Published on 2021-11-03, it reports Brent falling 1.63% to $83.34 on easing crude prices, which confirms the move's timing but does not explain its cause.