# Indian rupee firms as cooling US inflation, recession woes hurt dollar - Markets - Business Recorder

> The rupee advanced to around 81.96 per dollar after US inflation cooled to 0.1% in March. Weaker US growth signals pushed the dollar index lower and US bond yields down.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36660-indian-rupee-firms-as-cooling-us-inflation-recession-woes-hurt-dollar-markets
- 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 and lower US yields generally support commodity prices priced in dollars, including grains and oilseeds, by making them cheaper for non-US buyers.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-19 | [Sterling unfazed by higher inflation, still driven by dollar - Markets - Business Recorder](https://feedsoft.ai/events/51862-sterling-unfazed-by-higher-inflation-still-driven-by-dollar-markets-business.md) | +0.2% | -1.0% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2021-03-11 | [Dollar at one-week lows after benign inflation data - Markets - Business Recorder](https://feedsoft.ai/events/48346-dollar-at-one-week-lows-after-benign-inflation-data-markets-business-recorder.md) | -0.4% | -0.3% |
| DXY | 2020-12-30 | [Australian, NZ dollars on the rise as US$ crumbles - Markets - Business Recorder](https://feedsoft.ai/events/49897-australian-nz-dollars-on-the-rise-as-us-crumbles-markets-business-recorder.md) | -0.6% | +0.4% |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40236910

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