# Rupee strengthens, RBI policy likely to support upward bias

> The rupee gained on Thursday as risk appetite improved during a pause in the dollar's rally. Traders were waiting for the RBI's monetary policy decision.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31967-rupee-strengthens-rbi-policy-likely-to-support-upward-bias
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Improved risk appetite and a softer dollar favour a firmer rupee, which lowers USD/INR and eases the rupee cost of imported commodities.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-strengthens-rbi-policy-likely-support-upward-bias-2024-02-08/

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