# India rupee hits 6-week top on IPO inflows, record-high stocks- Moneycontrol.com

> The rupee strengthened to a six-week high of about 74.17 per dollar, supported by equity gains and IPO-related inflows. Traders expected the RBI to intervene to smooth any sharp move ahead of its policy decision.

- Date: 2021-08-04 · published 2021-08-04T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/45842-india-rupee-hits-6-week-top-on-ipo-inflows-record-high-stocks-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee strength reduces the local cost of dollar-priced feed imports for India, a minor factor for feed buyers.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/india-rupee-hits-6-week-top-on-ipo-inflows-record-high-stocks-7275831.html

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