# Indian rupee notches first monthly gain this year, but lags Asian peers

> The Indian rupee rose 1.6% in November to 81.4225 per dollar, its first monthly gain this year and an end to its longest losing streak in nearly four decades. The gain followed a retreat in the dollar index from its peak and a fall in oil prices.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/38956-indian-rupee-notches-first-monthly-gain-this-year-but-lags-asian-peers
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger rupee lowers India's cost of dollar-priced imports such as crude and edible oils, easing pressure on Indian import demand and on oil-linked feed costs.

## Read by commodity

- WTI: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-03-16 | [Oil slumps nearly 5% to lowest in more than a year as banking fears mount](https://feedsoft.ai/events/37047-oil-slumps-nearly-5-to-lowest-in-more-than-a-year-as-banking-fears-mount.md) | +4.9% | +21.8% |
| WTI | 2021-12-15 | [Canadian dollar at nearly 3-month low as oil prices fall \| Reuters](https://feedsoft.ai/events/43853-canadian-dollar-at-nearly-3-month-low-as-oil-prices-fall-reuters.md) | +0.7% | +16.9% |
| WTI | 2021-04-21 | [Canadian dollar sees biggest drop in nearly 2 months as oil falls](https://feedsoft.ai/events/47853-canadian-dollar-sees-biggest-drop-in-nearly-2-months-as-oil-falls.md) | +0.7% | +4.7% |
| WTI | 2021-11-03 | [Rupee rises by 22 paise to nearly 1-month high on FPI flows \| Business](https://feedsoft.ai/events/44323-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows-business.md) | +0.3% | -22.0% |
| WTI | 2023-10-04 | [Oil plunges $5 in biggest one-day drop in more than a year](https://feedsoft.ai/events/7360-oil-plunges-5-in-biggest-one-day-drop-in-more-than-a-year.md) | -3.7% | -8.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-notches-first-monthly-gain-this-year-lags-asian-peers-2022-11-30/

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