# Rupee surges 26 paise against US dollar in early trade - Times of India

> The rupee appreciated 26 paise to 75.09 per dollar in opening trade on Wednesday. Lower crude prices and a weaker U.S. dollar supported the currency. Foreign institutional investors were net sellers in the Indian equity market the previous day.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/44868-rupee-surges-26-paise-against-us-dollar-in-early-trade-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer rupee and lower crude would modestly reduce India's import costs for feed and energy. The move is a routine intraday swing with little lasting price effect.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/rupee-surges-26-paise-against-us-dollar-in-early-trade/articleshow/87151447.cms

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