# Rupee logs 3rd straight gains, rises 27 paise to 74.19 a dollar

> The rupee rose 27 paise to close at 74.19 against the dollar, its third straight gain, helped by domestic equity gains and a weaker US dollar. Traders linked the move to rising US COVID-19 cases and comments from Federal Reserve Chair Jerome Powell.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/50432-rupee-logs-3rd-straight-gains-rises-27-paise-to-74-19-a-dollar
- 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 grain and oilseed imports, a modestly bearish signal for Indian feed input costs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-logs-3rd-straight-gains-rises-27-paise-to-7419-a-dollar/article33125146.ece

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