# Rupee retreats, Asian stocks up on trade cheer | Financial Post

> The rupee pulled back slightly on Tuesday after a rally the previous day that followed reports the RBI had stopped selling dollars. Asian equity markets gained on signs of progress in US-China trade talks, and the rupee was trading near 74.4 per dollar.

- Date: 2020-08-25 · published 2020-08-25T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/51875-rupee-retreats-asian-stocks-up-on-trade-cheer-financial-post
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The move is routine currency trading with little direct effect on feed prices, though a firmer rupee would lower Indian import costs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/rupee-retreats-asian-stocks-up-on-trade-cheer

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