# Indian rupee flat; interbank paying lifts forward premiums ahead of Fed meet - Markets - Business Recorder

> The Indian rupee was little changed on Tuesday at about 83.73 per dollar, supported by mild dollar sales from state-run banks. Forward premiums held near a six-month high ahead of the Federal Reserve meeting.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/29566-indian-rupee-flat-interbank-paying-lifts-forward-premiums-ahead-of-fed-meet
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Stable rupee pricing with rising forward premiums points to limited near-term change in India's import costs for dollar-priced commodities, with the Fed outlook the main swing factor.

## Read by commodity

- USDINR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40315012

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