# Rupee moves sharply higher against US dollar today

> The Indian rupee strengthened against the US dollar, opening at 75.69 and reaching a day's high of 75.64 after a previous close of 75.96. Broad dollar weakness and firmer domestic equities supported the currency, with lockdown easing lifting global risk sentiment.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/53404-rupee-moves-sharply-higher-against-us-dollar-today
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local cost of dollar-priced feed imports such as soybean meal and corn from the Americas, modestly easing India's import costs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/market/stock-market-news/rupee-dollar-exchange-rate-today-inr-moves-sharply-higher-against-usd-11590467950845.html

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