# Dollar shortage worries push Indian rupee premiums to 2-month low - Markets - Business Recorder

> Concerns over a persistent US dollar shortage pushed Indian rupee forward premiums and the USD/INR swap rate to multi-week lows, with the 2-month forward premium at its lowest since 2011. The rupee was flat in spot at about 83.26 as the Bank of Japan tweaked its yield curve policy.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33904-dollar-shortage-worries-push-indian-rupee-premiums-to-2-month-low-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Dollar scarcity in India tightens import financing for feed and oilseed purchases, which can slow Indian buying and pressure import-linked demand.

## Read by commodity

- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40270874

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