# Renewed rally in Asia FX, potential inflows bring relief for rupee

> The rupee was trading near 83.9 per dollar as Asian currencies rose between 0.1% and 0.4% and the dollar index slipped to 100.94. Nuvama expects up to $3 billion of inflows tied to India's higher MSCI weighting, effective Friday.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/29109-renewed-rally-in-asia-fx-potential-inflows-bring-relief-for-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency moves of this size have little direct effect on feed prices, but a stronger rupee can slightly reduce import costs for Indian feed buyers.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/renewed-rally-asia-fx-potential-inflows-bring-relief-rupee-2024-08-29/

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