# Why Indian rupee could remain rangebound in short term

> A Livemint analysis expects the rupee to stay rangebound near term and possibly settle around 80 to 80.5 per dollar over six months. It attributes the outlook to a less hawkish Fed, lower crude prices after a roughly 50% correction, and improving sentiment.

- Date: 2023-01-01 · published 2023-01-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/38495-why-indian-rupee-could-remain-rangebound-in-short-term
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower energy prices and a softer dollar would reduce India's import costs and support demand for dollar-priced agricultural commodities, but the forecast is speculative.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Why the Rand Hit R16.00 and What Could Keep it There](https://feedsoft.ai/events/21342-why-the-rand-hit-r16-00-and-what-could-keep-it-there.md) | +0.4% | +0.3% |
| DXY | 2020-03-02 | [Why EURUSD is Rallying and What Could Cause it to Stop](https://feedsoft.ai/events/6184-why-eurusd-is-rallying-and-what-could-cause-it-to-stop.md) | -0.8% | +4.0% |
| DXY | 2026-02-04 | [U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll \| Reuters](https://feedsoft.ai/events/20836-u-s-dollar-rebound-to-be-cut-short-by-rate-cut-bets-doubts-over-fed.md) | -0.4% | +0.9% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2023-07-27 | [Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder](https://feedsoft.ai/events/35317-indian-rupee-to-rise-post-what-is-seen-as-fed-s-last-rate-hike-markets-business.md) | +1.2% | +1.9% |
| BRENT | 2020-05-11 | [The oil crash couldn’t have come at a better time for India’s rupee](https://feedsoft.ai/events/53410-the-oil-crash-couldn-t-have-come-at-a-better-time-for-india-s-rupee.md) | +15.8% | +46.8% |
| BRENT | 2018-12-20 | [Indian Rupee: Rupee's year-end rally heralds a brighter 2019 as oil slumps - Times of India](https://feedsoft.ai/events/61851-indian-rupee-rupee-s-year-end-rally-heralds-a-brighter-2019-as-oil-slumps-times.md) | -8.1% | +10.6% |
| BRENT | 2018-12-01 | [Indian rupee soars 77 paise, under 70 per dollar mark after 3 months](https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months.md) | +6.0% | -10.4% |

## Sources

- livemint.com: https://www.livemint.com/market/market-stats/why-indian-rupee-could-remain-rangebound-in-short-term-11670724833558.html

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