# Indian rupee bounces back on signs Covid-19 crisis is abating | The National

> The Indian rupee rose 1.7% against the dollar in May, becoming Asia's best-performing currency as daily Covid-19 infections fell from a record high. Local lockdowns helped contain cases, and the rupee also offers Asia's highest carry returns. The Reserve Bank of India may still limit further gains.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47382-indian-rupee-bounces-back-on-signs-covid-19-crisis-is-abating-the-national
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the rupee cost of imported feed ingredients and raises India's import-price pressure relief, while a stronger currency can weigh on Indian export competitiveness. The effect on global feed prices is limited.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/indian-rupee-bounces-back-on-signs-covid-19-crisis-is-abating-1.1229427

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