# Indian importers use rupee’s recovery to increase hedging, data shows - Business & Finance - Business Recorder

> Indian importers increased hedging of future foreign currency obligations after the rupee rallied 1.7% in the week ended January 13. Average forward dollar purchases by importers rose to $1.64 billion from $1.14 billion the prior week, according to CCIL data.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/38051-indian-importers-use-rupee-s-recovery-to-increase-hedging-data-shows-business
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavier import hedging reflects expected dollar-denominated purchases of commodities, a modest signal of underlying import demand, though its price impact is limited.

## Read by commodity

- USDINR: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40220733

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