# USD/INR Price News: Rupee rises towards 73.00 as India coronavirus fatalities ease — Octa

> The rupee traded near 73.22 against the dollar, down intraday and approaching its lowest level since mid-June, as India's virus death toll fell. Weak US data and softer Treasury yields weighed on the dollar.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/45839-usd-inr-price-news-rupee-rises-towards-73-00-as-india-coronavirus-fatalities
- 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 stronger rupee and weaker dollar reduce the cost of dollar-priced imports for Indian buyers, a minor influence on feed ingredient costs.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-12-08 | [USD/IDR Price News: Rupiah bulls cheer upbeat Indonesia Consumer Confidence above $14,300 — Octa](https://feedsoft.ai/events/43891-usd-idr-price-news-rupiah-bulls-cheer-upbeat-indonesia-consumer-confidence.md) | +0.3% | -0.4% |
| DXY | 2023-08-31 | [USD/JPY remains depressed near 146.00, eyes US PCE Price Index for fresh impetus — Octa](https://feedsoft.ai/events/34827-usd-jpy-remains-depressed-near-146-00-eyes-us-pce-price-index-for-fresh-impetus.md) | +1.8% | +2.3% |
| DXY | 2021-11-15 | [USD/IDR Price News: Rupiah struggles to cheer upbeat Indonesia trade data near $14,200-News-WikiFX](https://feedsoft.ai/events/44357-usd-idr-price-news-rupiah-struggles-to-cheer-upbeat-indonesia-trade-data-near.md) | +0.6% | +1.2% |
| DXY | 2024-07-31 | [EUR/USD rises to 1.0830 as Eurozone Inflation accelerates, Fed policy eyed — Octa](https://feedsoft.ai/events/29486-eur-usd-rises-to-1-0830-as-eurozone-inflation-accelerates-fed-policy-eyed-octa.md) | -0.5% | -1.9% |
| DXY | 2020-03-01 | [Dollar retreats as coronavirus fallout raises expectations of rate cut](https://feedsoft.ai/events/54508-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut.md) | -0.8% | +4.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/921366/

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