# Indian rupee inches lower, dollar inflows expected to cap downside - Markets - Business Recorder

> The rupee traded near 82.26 per dollar on March 29 and was slightly weaker. Traders noted that dollar inflows could cap downside and that expected Fed rate cuts had moderated after the banking turmoil.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/37141-indian-rupee-inches-lower-dollar-inflows-expected-to-cap-downside-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Routine currency moves with limited direct impact on feed commodity prices. Fed rate expectations are the main driver of the dollar's direction.

## Read by commodity

- USDINR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40234147

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