# Rupee is bouncing back from being Asia's worst currency, thanks to flood into stock markets

> The rupee gained 0.6% year-to-date against the dollar and rose to 72.57 in the week before February 22, its strongest level since March. Inflows of almost $4 billion into Indian equities this month have helped it break past the central bank's intervention barrier.

- Date: 2021-02-22 · published 2021-02-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/48923-rupee-is-bouncing-back-from-being-asia-s-worst-currency-thanks-to-flood-into
- 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 crude oil and feed ingredients. The RBI's efforts to keep the currency competitive may limit how far the rupee can strengthen.

## Read by commodity

- USDINR: bearish ▼

## Sources

- theprint.in: https://theprint.in/economy/rupee-is-bouncing-back-from-being-asias-worst-currency-thanks-to-flood-into-stock-markets/609400/

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