# Rupee ends flat at 83.25 against the US dollar after RBI policy; posts second weekly loss in a row

> The Indian rupee ended flat at 83.245 per dollar on a Friday after the Reserve Bank of India kept its repo rate unchanged and signalled tight liquidity. The currency posted a second straight weekly loss of 0.23%, pressured by higher US Treasury yields and oil company dollar demand.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33903-rupee-ends-flat-at-83-25-against-the-us-dollar-after-rbi-policy-posts-second
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local-currency cost of imported feed ingredients and makes Indian import demand for soymeal and other feed inputs more expensive.

## Read by commodity

- USDINR: bullish ▲

## Sources

- livemint.com: https://www.livemint.com/market/stock-market-news/rupee-ends-flat-at-83-25-against-the-us-dollar-after-rbi-policy-posts-second-weekly-loss-in-a-row-11696589749262.html

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