# Rupee rises on oil pullback; dollar liquidity remains inadequate

> The Indian rupee rose marginally to 83.15 per dollar on Wednesday as oil prices and US Treasury yields retreated. Dollar liquidity remained less than sufficient, as shown by the dollar/rupee cash swap rate.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33906-rupee-rises-on-oil-pullback-dollar-liquidity-remains-inadequate
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Softer oil and yields modestly support the rupee, slightly easing the local cost of imported feed ingredients for India.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +4.6% | -6.4% |
| BRENT | 2019-08-31 | [Rupee Vs Dollar: turmoil in both global equity and currency markets \| VARINDIA](https://feedsoft.ai/events/57858-rupee-vs-dollar-turmoil-in-both-global-equity-and-currency-markets-varindia.md) | +1.1% | +2.4% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2018-12-01 | [Rupee gains past 70 a dollar for first time in 3 months: 5 things to know](https://feedsoft.ai/events/62320-rupee-gains-past-70-a-dollar-for-first-time-in-3-months-5-things-to-know.md) | +6.0% | -10.4% |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-rises-oil-pullback-dollar-liquidity-remains-inadequate-2023-10-25/

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