# Rupee logs best day in 12 weeks, soars 42 paise against US dollar - CNBC TV18

> The Indian rupee rose 42 paise to settle at 74.65 against the US dollar on January 31, its biggest single-day gain in 12 weeks, in line with positive regional currencies and buoyant domestic equities. The government also presented the Economic Survey projecting 8-8.5% growth for fiscal 2022-23.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43415-rupee-logs-best-day-in-12-weeks-soars-42-paise-against-us-dollar-cnbc-tv18
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the rupee cost of dollar-priced feed imports such as soybean meal and corn for Indian buyers, though the move is a routine currency fluctuation with little direct effect on global grain prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/currency/rupee-logs-best-day-in-12-weeks-soars-42-paise-against-us-dollar-12307342.htm

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