# Rupee Rises 5 Paise To Rs 83.46 Against US Dollar

> The rupee rose 5 paise to settle at 83.46 per dollar on a weaker greenback, though foreign fund outflows and weak domestic equities capped gains. Traders expected the rupee to stay in a 83.40 to 83.60 range ahead of the June 4 election results.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/30563-rupee-rises-5-paise-to-rs-83-46-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency swings ahead of India's election affect the cost of dollar-priced imports, including feed. The effect on global commodity prices is limited.

## Read by commodity

- USDINR: bearish ▼

## Sources

- ndtv.com: https://www.ndtv.com/business-news/rupee-rises-5-paise-to-rs-83-46-against-us-dollar-5672450

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