# Indian rupee leads gains among Asian FX - Business & Finance - Business Recorder

> Most Asian currencies advanced on February 23 as markets watched the Ukraine crisis and expected US rate hikes in March. The Indian rupee led gains, helped by a pullback in oil prices after the first wave of Western sanctions on Russia appeared unlikely to disrupt oil supplies.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/42985-indian-rupee-leads-gains-among-asian-fx-business-and-finance-business-recorder
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Currency moves in energy importers like India affect their purchasing power for feed ingredients and vegetable oils. Calmer oil prices reduce near-term cost pressure on feed buyers.

## Read by commodity

- BRENT: neutral
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-12-08 | [Rupee inches up as U.S. yields drop, weak Asian cues cap gains \| Financial Post](https://feedsoft.ai/events/38493-rupee-inches-up-as-u-s-yields-drop-weak-asian-cues-cap-gains-financial-post.md) | +7.6% | +0.4% |
| BRENT | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -0.2% | -5.2% |
| BRENT | 2019-06-01 | [Rupee pares gains, settles 36 paise down at 70.02](https://feedsoft.ai/events/59357-rupee-pares-gains-settles-36-paise-down-at-70-02.md) | -2.9% | +2.1% |
| BRENT | 2025-07-27 | [Oil Caught Between a $70 Summer and Growing Surplus Fears \| Financial Post](https://feedsoft.ai/events/23926-oil-caught-between-a-70-summer-and-growing-surplus-fears-financial-post.md) | +1.9% | -1.2% |
| BRENT | 2020-09-30 | [Europe's Oil Refineries Struggling to Cope With Diesel Glut \| Financial Post](https://feedsoft.ai/events/51273-europe-s-oil-refineries-struggling-to-cope-with-diesel-glut-financial-post.md) | +3.1% | -0.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40156654

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