# Indian Rupee (INR USD) Rises to Three-Month High Vs Dollar - Bloomberg

> The Indian rupee hit a three-month high of 74.5562 per dollar after breaking out of a tight trading band, closing up 0.5%. It gained 1.3% over the week, Asia's best performance, on strong inflows and expectations the central bank may slow dollar purchases.

- Date: 2020-07-03 · published 2020-07-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/52380-indian-rupee-inr-usd-rises-to-three-month-high-vs-dollar-bloomberg
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local cost of imported edible oils and other feed inputs for India, modestly easing import demand pressure on global oilseed prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-07-03/indian-rupee-rises-to-three-month-high-on-strong-inflows

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