# Weekly Rupee view: Favourable factors persist  - The HinduBusinessLine

> The rupee has been one of Asia's best-performing currencies, breaking above the 73 per dollar level and ending at 72.77 on Tuesday. Foreign portfolio investor outflows in May narrowed after a week of considerable inflows.

- Date: 2021-05-26 · published 2021-05-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47383-weekly-rupee-view-favourable-factors-persist-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued rupee strength and foreign inflows reduce India's local-currency cost of dollar-priced feed imports. The move is a currency story with little direct effect on grain or oilseed prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/weekly-rupee-view-favourable-factors-persist/article34646617.ece

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