# Rupee outperforms most EM peers as dollar surges to a 20-year high | Money & Forex Markets - Business Standard

> The rupee lost only about 0.2% against the dollar in August, outperforming most emerging-market peers while the dollar index rose about 3% to its highest level since 2002. The RBI's interventions have kept bets against the rupee in check, and reserves are seen adequate.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/40315-rupee-outperforms-most-em-peers-as-dollar-surges-to-a-20-year-high-money-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Dollar strength across emerging markets tends to weigh on commodity prices and raise import costs for feed-buying countries, though the rupee's resilience limits the impact on Indian buyers.

## Read by commodity

- DXY: bullish ▲
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-08 | [Rupee slides as Federal Reserve's Powell hints at higher US terminal rates \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/37142-rupee-slides-as-federal-reserve-s-powell-hints-at-higher-us-terminal-rates.md) | -0.4% | -1.9% |
| DXY | 2024-11-06 | [Dollar surges, set for biggest one-day rise since March 2023 against peers \| World News - Business Standard](https://feedsoft.ai/events/6859-dollar-surges-set-for-biggest-one-day-rise-since-march-2023-against-peers-world.md) | +1.9% | +1.5% |
| DXY | 2022-07-14 | [Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/40744-dollar-ascendant-as-cpi-stokes-fed-bets-aussie-jumps-on-strong-jobs-money-and.md) | -0.6% | -2.1% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2026-08-31 | [Dollar holds near two-week high as bets rise on September Fed rate hike \| Markets News - Business Standard](https://feedsoft.ai/events/18081-dollar-holds-near-two-week-high-as-bets-rise-on-september-fed-rate-hike-markets.md) | -0.6% | +1.6% |

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-outperforms-most-em-peers-as-dollar-surges-to-a-20-year-high-122083100891_1.html

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