# USD/INR Price News: Indian rupee bulls dominate below 74.00 even as short-term rates crash in India — Octa

> USD/INR fell to 73.77 in early trade, a two-week low, as the three-year Indian Treasury yield hit a record low and short-term money-market rates dropped. Dollar weakness and liquidity from RBI foreign-exchange intervention were cited as the drivers.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/50434-usd-inr-price-news-indian-rupee-bulls-dominate-below-74-00-even-as-short-term
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A softer USD/INR reduces the rupee cost of dollar-priced feed imports, but the move is routine and has limited impact on feed prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/865739/

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