# Indian rupee upside capped by corporate outflows, Fed stance-analysts

> The rupee appreciated to 79.425 per dollar on August 17 as oil prices fell and risk sentiment improved. Corporate dollar outflows of over $1 billion were expected to create dollar demand.

- Date: 2022-08-17 · published 2022-08-17T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/40321-indian-rupee-upside-capped-by-corporate-outflows-fed-stance-analysts
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices ease India's dollar demand for imports, supporting the rupee and modestly lowering feed import costs.

## Read by commodity

- WTI: bearish ▼
- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/india/indian-rupee-upside-capped-by-corporate-outflows-fed-stance-analysts-2022-08-17/

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