# Rupee logs best month since June as risk appetite improves | Reuters

> The Indian rupee closed at 83.7925 per dollar on Monday, down slightly from 83.70. It still posted its best month since June, with a near 0.1% gain for September. Strong risk appetite followed the US Federal Reserve's outsized rate cut and China's stimulus measures.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/28606-rupee-logs-best-month-since-june-as-risk-appetite-improves-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stable-to-firmer rupee lowers India's cost of dollar-priced imports, including feed ingredients and vegetable oils, so the effect on commodity prices is minor.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-logs-best-month-since-june-risk-appetite-improves-2024-09-30/

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