# Rupee rises by 8 paise as government starts to unlock economy

> The rupee rose 8 paise to close at 75.54 per US dollar on June 1, helped by easing US-China trade worries and India's phased reopening of the economy after a lockdown. Foreign fund inflows and a weaker dollar also supported the currency.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/52892-rupee-rises-by-8-paise-as-government-starts-to-unlock-economy
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee makes dollar-priced imports such as soybean meal and vegetable oil slightly cheaper for Indian buyers, with little direct effect on global prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/Economy/rupee-rises-by-8-paise-as-government-starts-to-unlock-economy/article31723731.ece

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