# Rupee vs Dollar: Rupee records best one-day rise against US dollar in nearly 4 months | Economy & Policy News - Business Standard

> The rupee rose to 81.97 per dollar on March 3, its sharpest one-day gain since November, on GQG's purchase of about $1.9 billion in Adani Group shares and a weaker dollar index. The Indian currency is up 0.9% in 2023.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/37144-rupee-vs-dollar-rupee-records-best-one-day-rise-against-us-dollar-in-nearly-4
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The rupee move was driven by equity flows rather than trade or commodity fundamentals, so the effect on feed import costs is minor.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/rupee-logs-best-single-day-rise-in-three-months-on-fpi-flows-123030300952_1.html

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