# Rupee retreats from six-month high on India-China border tensions | Money & Forex Markets - Business Standard

> The Indian rupee slipped from near six-month highs on Monday after India said it had foiled an attempt by Chinese troops to change the status quo on their disputed border. Traders said the rupee had rallied sharply the previous week and the border news triggered selling.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: geopolitics · region India · magnitude low
- Page: https://feedsoft.ai/events/51870-rupee-retreats-from-six-month-high-on-india-china-border-tensions-money-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Renewed India-China tension can weaken the rupee and raise import costs for Indian buyers of feed inputs, while doing little to move global grain prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-retreats-from-six-month-high-on-india-china-border-tensions-120083100572_1.html

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