# Rupee rises by 22 paise to nearly 1-month high on FPI flows | Business

> The rupee rose 22 paise to 74.46 per dollar, a near one-month high, on foreign fund flows into domestic IPOs and easing crude prices. It has strengthened 57 paise over five sessions. Brent fell 1.63% to $83.34 per barrel, and India's services sector grew at its fastest pace in ten and a half years in October.

- Date: 2021-11-03 · published 2021-11-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44323-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows-business
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger rupee lowers the local cost of imported feed ingredients, while lower crude eases energy and freight costs. The move is driven by capital flows and a weaker dollar rather than any change in grain supply.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDINR: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2021-11-03 | 1 | -3.3% | -4.2 | Dated 2021-11-03, it reports crude easing (Brent -1.63%) on the same day as the WTI drop, confirming the selloff, though it is more a symptom than a cause. |
| BRENT | 2021-11-03 | 1 | -2.9% | -4.1 | Published on 2021-11-03, it reports Brent falling 1.63% to $83.34 on easing crude prices, which confirms the move's timing but does not explain its cause. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -5.3% | +15.5% |
| WTI | 2022-06-22 | [Rupee hits fresh all-time low vs dollar as US rate hike worries deepen \| News on Markets - Business Standard](https://feedsoft.ai/events/41217-rupee-hits-fresh-all-time-low-vs-dollar-as-us-rate-hike-worries-deepen-news-on.md) | +2.2% | -6.2% |
| WTI | 2021-08-15 | [Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times](https://feedsoft.ai/events/45817-ringgit-hits-1-year-low-after-cabinet-resignation-may-face-pressure-in-coming.md) | -8.9% | +3.1% |
| WTI | 2026-06-24 | [Oil curve points to near-term glut as Hormuz flows rise \| Reuters](https://feedsoft.ai/events/18985-oil-curve-points-to-near-term-glut-as-hormuz-flows-rise-reuters.md) | -5.3% | +15.5% |
| WTI | 2018-12-20 | [Oil plunges nearly 5 percent to 17-month low as stock market slumps](https://feedsoft.ai/events/8704-oil-plunges-nearly-5-percent-to-17-month-low-as-stock-market-slumps.md) | -6.7% | +12.5% |
| BRENT | 2017-11-29 | [Rupee rises for 3rd day, hits new 2-month high ahead of GDP data \| News on Markets - Business Standard](https://feedsoft.ai/events/68258-rupee-rises-for-3rd-day-hits-new-2-month-high-ahead-of-gdp-data-news-on-markets.md) | -0.7% | +4.2% |
| BRENT | 2019-09-27 | [Rupee rallies to nearly 2-month high as crude subsides \| Rupee rallies to nearly 2-month high as crude subsides](https://feedsoft.ai/events/57382-rupee-rallies-to-nearly-2-month-high-as-crude-subsides-rupee-rallies-to-nearly.md) | -7.3% | -1.2% |
| BRENT | 2020-02-03 | [Rupee drops by 6 paise to end at 71.38 on forex outflows](https://feedsoft.ai/events/54865-rupee-drops-by-6-paise-to-end-at-71-38-on-forex-outflows.md) | -6.0% | -12.2% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/1793558-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows

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