# Indian rupee falters after opening uptick on dollar demand from state-run banks - Markets - Business Recorder

> The Indian rupee weakened on August 30 and gave back its early gains as state-run and foreign banks bought dollars. It traded at 82.75 against the dollar, after opening at 82.66. Traders said importers were likely behind the dollar demand.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/34864-indian-rupee-falters-after-opening-uptick-on-dollar-demand-from-state-run-banks
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

This is routine currency market movement with no new supply or demand driver for feed commodities. Importer dollar buying is a small input-cost signal for Indian feed buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40260606

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