# USD/INR: Rupee Ticks Lower, GDP Upwardly Revised - Currency Live

> USD/INR edged marginally higher to around 73.95 after the rupee settled at 73.93 on Friday. Analysts raised their India GDP forecasts after a better-than-expected second-quarter reading, now expecting a 6-8% contraction in fiscal 2021.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/50435-usd-inr-rupee-ticks-lower-gdp-upwardly-revised-currency-live
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Upward revisions to India's growth outlook support the rupee modestly, but the RBI's dollar purchases limit appreciation and keep import costs broadly stable.

## Read by commodity

- USDINR: bullish ▲

## Sources

- currencylive.com: https://currencylive.com/news/104928-usd-inr-rupee-ticks-lower-gdp-upwardly-revised/

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