# Rupee ends stronger on broad dollar fall; forward premiums inch up - The HinduBusinessLine

> The rupee closed at 81.95 per dollar, stronger than the prior close of 82.04, as the dollar index fell to multi-week lows after Powell's testimony. Forward premiums rose slightly and analysts expected low volatility to continue.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/35783-rupee-ends-stronger-on-broad-dollar-fall-forward-premiums-inch-up-the
- 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 firmer rupee lowers the local cost of imported feed ingredients, a modest support for Indian buyers, while the dollar's softness eases pressure on dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-ends-stronger-on-broad-dollar-fall-forward-premiums-inch-up/article66997067.ece

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