# Rupee rises to near 6-month high as RBI keeps away; dollar inflows, shift in Fed policy boost sentiment | Business News - The Indian Express

> The rupee rose to near six-month highs of 73.39 per dollar on Friday, gaining about 2% on the week. The RBI did not intervene to slow the appreciation, while foreign capital inflows into equities and expectations of looser Fed policy supported the currency.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51871-rupee-rises-to-near-6-month-high-as-rbi-keeps-away-dollar-inflows-shift-in-fed
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lowers the local cost of imported feed ingredients for India, but the effect on global feed prices is limited.

## Read by commodity

- USDINR: bearish ▼

## Sources

- indianexpress.com: https://indianexpress.com/article/business/market/rupee-rises-6-month-high-rbi-dollar-6574182/

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