# Companies, banks bet Indian rupee's recovery has more legs - analysts

> The Indian rupee strengthened to 81.78 per dollar on Monday, its highest in about a month and up roughly 1% since early March, before slipping back to around 82. Corporate and bank analysts expect the recovery may continue.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/36658-companies-banks-bet-indian-rupee-s-recovery-has-more-legs-analysts
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local cost of dollar-priced feed ingredient imports into India, a minor factor for global feed commodity prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/companies-banks-bet-indian-rupees-recovery-has-more-legs-analysts-2023-04-11/

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