# Rupee gains 13 paise to close at 82.70 against US dollar

> The rupee gained 13 paise to close at 82.70 per dollar on February 16, supported by broad dollar weakness and rising domestic equities. Forex traders also cited a narrower January trade deficit and foreign fund inflows. The rupee is trading within a range of roughly 82.40 to 83.00.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/37611-rupee-gains-13-paise-to-close-at-82-70-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local cost of imported feed ingredients, which eases pressure on Indian feed buyers. Stronger dollar weakness and foreign inflows point to a more stable import cost backdrop.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/rupee-gains-13-paise-to-close-at-82-70-against-us-dollar-10099191.html

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