# The rupee has been gaining on bountiful corporate inflows | Khaleej Times

> The rupee appreciated about four paise to 73.25 per dollar in early trade, having gained nearly one rupee since Friday. Traders attributed the move to corporate inflows, equity gains and dovish remarks from Fed Chair Powell at Jackson Hole.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/45840-the-rupee-has-been-gaining-on-bountiful-corporate-inflows-khaleej-times
- 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 lowers the local cost of dollar-denominated feed imports for India, though the effect on global feed prices is limited.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-22 | [Won to continue gaining ground against dollar in 2021 - The Korea Times](https://feedsoft.ai/events/49889-won-to-continue-gaining-ground-against-dollar-in-2021-the-korea-times.md) | -0.6% | -0.1% |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2022-11-10 | [U.S. inflation turning the corner as consumer prices rise below expectations](https://feedsoft.ai/events/7560-u-s-inflation-turning-the-corner-as-consumer-prices-rise-below-expectations.md) | -1.6% | -2.8% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2024-01-31 | [Fed's Powell sees lower rates on the horizon as inflation ebbs, economy bounces ahead \| Reuters](https://feedsoft.ai/events/32027-fed-s-powell-sees-lower-rates-on-the-horizon-as-inflation-ebbs-economy-bounces.md) | +0.3% | +0.4% |

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/markets/indian-rupee-gains-further-against-uae-dirham

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