# Rupee: Rupee gains 22 paise against dollar on positive macro data, expected FII flows - Times of India

> The rupee closed at 74.91 per dollar on December 1, gaining 22 paise. The move followed upbeat Indian manufacturing data, a weaker US dollar and expected inflows from IPOs. Stronger emerging-market currencies also supported the rupee.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/43897-rupee-rupee-gains-22-paise-against-dollar-on-positive-macro-data-expected-fii
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lowers the local cost of dollar-priced feed imports on the day. The move is a short-term market reaction with limited lasting effect on feed prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/markets/sensex/rupee-gains-22-paise-against-dollar-on-positive-macro-data-expected-fii-flows/articleshow/88031591.cms

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