# USD/INR: Rupee Rises, GDP Revised Lower - Currency Live

> The rupee rose on January 31 after the government cut its FY2022-23 growth forecast to 8-8.5% from 9.2%, while the US dollar eased from a 19-month high. USD/INR traded near 74.66 during the session.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43419-usd-inr-rupee-rises-gdp-revised-lower-currency-live
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer rupee and softer dollar reduce the local cost of imported dollar-priced feed commodities for India, though the effect on global feed prices is limited.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-28 | [USD/INR: Rupee Unmoved, RBI & Trump In Focus - Currency Live](https://feedsoft.ai/events/51383-usd-inr-rupee-unmoved-rbi-and-trump-in-focus-currency-live.md) | -1.0% | -2.2% |
| DXY | 2017-06-29 | [GBP/USD Rate Rises As Bank Of England Hint At Interest Rate Increase - Currency Live](https://feedsoft.ai/events/70750-gbp-usd-rate-rises-as-bank-of-england-hint-at-interest-rate-increase-currency.md) | +0.3% | -1.7% |
| DXY | 2019-10-31 | [EUR/USD: Euro Advances As EZ GDP Defies Expectations - Currency Live](https://feedsoft.ai/events/56783-eur-usd-euro-advances-as-ez-gdp-defies-expectations-currency-live.md) | -0.1% | +0.8% |
| DXY | 2019-10-31 | [GBP/USD: Pound Gains vs Dollar As Fed Cuts Rates - Currency Live](https://feedsoft.ai/events/56803-gbp-usd-pound-gains-vs-dollar-as-fed-cuts-rates-currency-live.md) | -0.1% | +0.8% |
| DXY | 2020-08-28 | [AUD/USD: Fed’s Move To Keep Aussie Stronger For Longer - Currency Live](https://feedsoft.ai/events/51896-aud-usd-fed-s-move-to-keep-aussie-stronger-for-longer-currency-live.md) | -0.5% | +1.0% |

## Sources

- currencylive.com: https://currencylive.com/news/106087-usd-inr-rupee-rises-gdp-revised-lower/

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