# Rupee-Dollar Exchange Rate FAQs: Factors responsible, current rate, domestic economy and more

> The rupee recovered to 79.84 per dollar on August 30 after a record low of 80.15 the previous day, supported by domestic equities. Traders said high oil prices and month-end dollar demand could limit further gains.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/40319-rupee-dollar-exchange-rate-faqs-factors-responsible-current-rate-domestic
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent oil-driven dollar demand keeps pressure on India's import costs, which can lift the landed cost of feed ingredients.

## Read by commodity

- WTI: bullish ▲
- USDINR: neutral

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/faqs/forex-faqs/rupee-dollar-exchange-rate-faqs-factors-responsible-current-rate-domestic-economy-and-more/articleshow/93903066.cms

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