# Rupee hits one-month high on foreign fund inflows, traders wary of RBI | Money & Forex Markets - Business Standard

> The rupee rose to its highest level in about 1.5 months, supported by foreign equity inflows and a weaker US dollar. Traders remained wary that the RBI would intervene to stop a sharp rally, as it had been buying dollars aggressively.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/49931-rupee-hits-one-month-high-on-foreign-fund-inflows-traders-wary-of-rbi-money-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued rupee strength and central bank dollar buying both shape the currency backdrop for Indian feed and grain import costs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/rupee-hits-one-month-high-on-foreign-fund-inflows-traders-wary-of-rbi-120120101518_1.html

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