# Rupee soars 73 paise, breaches 73-mark against US dollar | Business News - The Indian Express

> The rupee rose 73 paise to close at 72.87 against the US dollar after the RBI announced liquidity-boosting steps including term repo operations. A weaker greenback and firmer equities also supported the currency.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51379-rupee-soars-73-paise-breaches-73-mark-against-us-dollar-business-news-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee reduces the rupee cost of dollar-priced feed imports into India, though the effect on global feed prices is small.

## Read by commodity

- USDINR: bearish ▼

## Sources

- indianexpress.com: https://indianexpress.com/article/business/market/rupee-soars-73-paise-breaches-73-mark-against-us-dollar-6579063/

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