# India Rupee (INR USD) Gains Likely Blessed by RBI With Eye on Inflation - Bloomberg

> The Indian rupee rallied 2% in May, its biggest monthly gain in over two years, as Covid cases eased. Analysts linked the move to a shift in Reserve Bank of India currency policy, with foreign-exchange reserve accumulation slowing to $4.9 billion from about $9 billion in April.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/46884-india-rupee-inr-usd-gains-likely-blessed-by-rbi-with-eye-on-inflation-bloomberg
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local-currency cost of dollar-priced imports such as feed ingredients and energy, which can ease import costs for Indian feed buyers. The effect on global feed prices is small.

## Read by commodity

- USDINR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-06-01/outlier-rupee-gains-likely-blessed-by-rbi-with-eye-on-inflation

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