# Rupee logs best day in 21 months, bonds plunge on RBI measures

> The Indian rupee posted its biggest one-day gain in 21 months after the Reserve Bank of India announced new measures to stabilise markets, including bond operations and eased held-to-maturity limits for banks. The central bank also said the rupee's appreciation helps contain imported inflation, leading traders to expect fewer aggressive dollar purchases.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51377-rupee-logs-best-day-in-21-months-bonds-plunge-on-rbi-measures
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee and reduced RBI dollar buying tilt the currency backdrop for Indian feed and oilmeal import costs, with a softer dollar-rupee rate lowering landed costs modestly.

## Read by commodity

- USDINR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/idINKBN25S3QV/

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