# Taking the lead: Rupee best-performing Asian currency so far in January

> The rupee was the best-performing Asian currency in January, gaining 0.1% while the dollar index rose about 2%. Other Asian currencies fell 1.4-4%, with support from foreign portfolio inflows tied to upcoming index inclusion of Indian bonds.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/32385-taking-the-lead-rupee-best-performing-asian-currency-so-far-in-january
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Strong foreign bond inflows support the rupee and lower India's import costs for feed ingredients. The story describes currency moves with no direct link to grain or oilseed supply.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/finance/news/rupee-best-performing-asian-currency-in-january-on-back-of-fpi-inflows-124012800257_1.html

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