# Rupee inches up as U.S. yields drop, weak Asian cues cap gains | Financial Post

> The rupee firmed to 82.31 per dollar after the Reserve Bank of India raised its repo rate by 35 basis points and sounded more hawkish than expected. Lower US yields and oil prices helped the currency, though recession worries tempered the gains.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/38493-rupee-inches-up-as-u-s-yields-drop-weak-asian-cues-cap-gains-financial-post
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer rupee and softer oil lower India's import costs, while the RBI's tightening signals rising domestic borrowing costs for the feed and livestock sectors.

## Read by commodity

- BRENT: neutral
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-24 | [Indian rupee leads gains among Asian FX - Business & Finance - Business Recorder](https://feedsoft.ai/events/42985-indian-rupee-leads-gains-among-asian-fx-business-and-finance-business-recorder.md) | +18.2% | +27.0% |
| BRENT | 2020-09-30 | [Europe's Oil Refineries Struggling to Cope With Diesel Glut \| Financial Post](https://feedsoft.ai/events/51273-europe-s-oil-refineries-struggling-to-cope-with-diesel-glut-financial-post.md) | +3.1% | -0.6% |
| BRENT | 2019-06-01 | [Rupee pares gains, settles 36 paise down at 70.02](https://feedsoft.ai/events/59357-rupee-pares-gains-settles-36-paise-down-at-70-02.md) | -2.9% | +2.1% |
| BRENT | 2025-07-27 | [Oil Caught Between a $70 Summer and Growing Surplus Fears \| Financial Post](https://feedsoft.ai/events/23926-oil-caught-between-a-70-summer-and-growing-surplus-fears-financial-post.md) | +1.9% | -1.2% |
| BRENT | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.2% | +1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/rupee-inches-up-as-u-s-yields-drop-weak-asian-cues-cap-gains

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