# Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder

> The Indian rupee was expected to open slightly stronger on Thursday after the Fed raised rates by 25 basis points and left the door open to further hikes. Analysts widely expected the hike to be the last, and the dollar index fell to 100.80.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/35317-indian-rupee-to-rise-post-what-is-seen-as-fed-s-last-rate-hike-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A softer dollar after the Fed decision lowers the local-currency cost of dollar-priced commodities and can support demand for US grains and oilseeds.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-28 | [Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder](https://feedsoft.ai/events/40731-dollar-hits-three-week-low-to-yen-as-fed-s-powell-less-hawkish-than-feared.md) | -0.3% | +0.2% |
| DXY | 2023-04-13 | [Indian rupee firms as cooling US inflation, recession woes hurt dollar - Markets - Business Recorder](https://feedsoft.ai/events/36660-indian-rupee-firms-as-cooling-us-inflation-recession-woes-hurt-dollar-markets.md) | +0.3% | -0.4% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| DXY | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.7% | +1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40254939

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