# Rupee ends flat, unable to benefit from rise in Asian peers

> The rupee closed at 83.90 per dollar, nearly flat, as importer and foreign bank dollar demand offset early gains from a broad Asian currency rise. Foreign investors had pulled about $2 billion from Indian equities in August so far.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/29111-rupee-ends-flat-unable-to-benefit-from-rise-in-asian-peers
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A flat rupee leaves Indian import costs for feed ingredients largely unchanged, so there is no meaningful effect on grain or meal prices.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-ends-flat-unable-benefit-rise-asian-peers-2024-08-26/

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