# Rupee's long-term trend is to appreciate, say experts | Economy & Policy News - Business Standard

> Analysts say the rupee's long-term trend is to appreciate because it is attracting carry-trade and high-yield inflows, despite high crude prices. The rupee closed at 75.38 per dollar, slightly stronger than the prior session. Experts note the currency is still overvalued on a real effective basis.

- Date: 2021-10-13 · published 2021-10-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44865-rupee-s-long-term-trend-is-to-appreciate-say-experts-economy-and-policy-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A long-run rupee appreciation would ease India's dollar import costs for feed ingredients. The central bank may limit that gain to contain oil-driven inflation.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/rupee-s-long-term-trend-is-to-appreciate-say-experts-121101400066_1.html

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