# Rupee looks to sustain upside momentum aided by dollar inflows

> The rupee was expected to build on its gains, helped by dollar sales from foreign banks, with the non-deliverable forward pointing to an opening near 81.70-81.75. Asian currencies were mixed, and the US House passed a debt ceiling bill unlikely to clear the Senate.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/36662-rupee-looks-to-sustain-upside-momentum-aided-by-dollar-inflows
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee on dollar inflows modestly lowers India's import costs for dollar-priced feed commodities.

## Read by commodity

- USDINR: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-looks-to-sustain-upside-momentum-aided-by-dollar-inflows/articleshow/99802368.cms

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