# Indian rupee hits 2.5-month high as risk assets rally | Business News

> The Indian rupee strengthened to its highest in about two and a half months after Fed Chair Powell signaled a slower pace of asset purchase tapering and no exact timeline. The dollar traded near multi-week lows as traders awaited US jobs data.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/45837-indian-rupee-hits-2-5-month-high-as-risk-assets-rally-business-news
- 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 weaker dollar lower the local-currency cost of imported feed ingredients for India, a modest easing of import costs, though the link to feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Rupee hits two month high: Three factors driving the Indian currency - BusinessToday](https://feedsoft.ai/events/70274-rupee-hits-two-month-high-three-factors-driving-the-indian-currency.md) | +0.3% | -0.5% |
| DXY | 2026-07-31 | [Yuan rises to 1-1/2-month high - Markets - Business Recorder](https://feedsoft.ai/events/18572-yuan-rises-to-1-1-2-month-high-markets-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| DXY | 2023-07-27 | [Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder](https://feedsoft.ai/events/35317-indian-rupee-to-rise-post-what-is-seen-as-fed-s-last-rate-hike-markets-business.md) | +1.2% | +1.9% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business/indian-rupee-hits-2-5-month-high-as-risk-assets-rally-101630305024169.html

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