# India rupee ends flat as cenbank help counters month-end dollar demand

> The rupee closed at 83.25 on Monday, little changed, as Reserve Bank of India intervention offset month-end dollar demand from importers. Traders said the currency has underperformed during dollar weakness, signalling persistent greenback demand.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33905-india-rupee-ends-flat-as-cenbank-help-counters-month-end-dollar-demand
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent dollar demand and central bank defence keep the rupee weak in local terms, marginally raising the cost of imported feed inputs for India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/india-rupee-ends-flat-as-cenbank-help-counters-month-end-dollar-demand-11626121.html

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