# Currency alert! 5-month high - How liquidity gush in stock markets powered rupee to break the 74-mark

> The rupee gained 49 paise to close at 73.81 per dollar on Thursday, its strongest close since March 11 and a five-month high. Strong portfolio inflows and a rebound in Indian equities from their March lows drove the gain.

- Date: 2020-08-30 · published 2020-08-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/51876-currency-alert-5-month-high-how-liquidity-gush-in-stock-markets-powered-rupee
- 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 inputs for Indian buyers, but the effect on global feed markets is minor.

## Read by commodity

- USDINR: bearish ▼

## Sources

- zeebiz.com: https://www.zeebiz.com/markets/currency/news-currency-alert-how-liquidity-gush-in-stock-markets-powered-rupee-to-break-the-74-mark-134308

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