# The rocket rupee | Expert Views - Business Standard

> A Business Standard commentary says the rupee has risen about 3.5% over six weeks and may be nearing the end of its rally, with 72.50 seen as strong resistance. Some exporters are considering cancelling forward contracts to take profits on mark-to-market gains. The article also notes that the dollar index has fallen about 2.2% over the same period.

- Date: 2021-05-30 · published 2021-05-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47387-the-rocket-rupee-expert-views-business-standard
- 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 stalling rupee rally would leave India's dollar-priced feed import costs roughly flat, while a dollar rebound would weigh on the rupee. The outlook is uncertain.

## Read by commodity

- DXY: neutral
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-12-01 | [Dollar falls; yen and Swiss franc gain in post-Omicron gyrations \| The Business Standard](https://feedsoft.ai/events/43837-dollar-falls-yen-and-swiss-franc-gain-in-post-omicron-gyrations-the-business.md) | -0.3% | -0.7% |
| DXY | 2019-04-29 | [Dollar rally stalls, underlining slowdown fears - The Business Times](https://feedsoft.ai/events/59758-dollar-rally-stalls-underlining-slowdown-fears-the-business-times.md) | -0.2% | +0.5% |
| DXY | 2025-10-31 | [Indian rupee holds above record low on state bank dollar sales, ends month flat - Markets - Business Recorder](https://feedsoft.ai/events/22693-indian-rupee-holds-above-record-low-on-state-bank-dollar-sales-ends-month-flat.md) | +0.3% | -0.2% |
| DXY | 2016-11-04 | [Stocks slip on US election nerves; pound up on Brexit ruling - The HinduBusinessLine](https://feedsoft.ai/events/74077-stocks-slip-on-us-election-nerves-pound-up-on-brexit-ruling-the.md) | +1.9% | +2.9% |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |

## Sources

- business-standard.com: https://www.business-standard.com/article/opinion/the-rocket-rupee-121053000932_1.html

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