# Asian FX higher - Markets - Business Recorder

> The Indian rupee was expected to open marginally higher on Friday, tracking gains in Asian currencies on bets that the Federal Reserve would pivot to rate cuts as early as the next quarter. Brent crude had fallen more than 4% over three days to below $77.50 a barrel. Overseas investors bought $9.3 billion of Indian bonds and equities in December, the highest monthly total of the year.

- Date: 2024-01-01 · published 2024-01-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/11838-asian-fx-higher-markets-business-recorder
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer rupee and softer crude reduce import costs for India, a major buyer of vegetable oils and feed inputs. The story signals little direct grain price impact, so the effect on feed markets is limited.

## Read by commodity

- BRENT: bearish ▼
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-08-20 | [Oil falls on OPEC+ oversupply, US jobless data - Markets - Business Recorder](https://feedsoft.ai/events/51783-oil-falls-on-opec-oversupply-us-jobless-data-markets-business-recorder.md) | +0.9% | -7.9% |
| BRENT | 2017-11-29 | [Rupee rises for 3rd day, hits new 2-month high ahead of GDP data \| News on Markets - Business Standard](https://feedsoft.ai/events/68258-rupee-rises-for-3rd-day-hits-new-2-month-high-ahead-of-gdp-data-news-on-markets.md) | -0.7% | +4.2% |
| BRENT | 2021-11-22 | [Canadian dollar weekly losing streak continues - Business & Finance - Business Recorder](https://feedsoft.ai/events/44266-canadian-dollar-weekly-losing-streak-continues-business-and-finance-business.md) | -8.8% | -7.9% |
| BRENT | 2026-08-25 | [Rupee leads Asian currencies; bond yields ease as crude slips below $90 \| Markets News - Business Standard](https://feedsoft.ai/events/18181-rupee-leads-asian-currencies-bond-yields-ease-as-crude-slips-below-90-markets.md) | -0.6% | +23.8% |
| BRENT | 2022-02-16 | [How will the Russia-Ukraine crisis, US Fed affect rupee? \| News on Markets - Business Standard](https://feedsoft.ai/events/42988-how-will-the-russia-ukraine-crisis-us-fed-affect-rupee-news-on-markets-business.md) | +2.0% | +7.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40281406

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.