# Rupee strengthens against USD amid easing crude oil prices

> The rupee strengthened by 3 paise to 71.62 per dollar on Thursday as crude oil prices eased. Domestic equities were weak and investors remained worried about the coronavirus spreading outside China. The dollar held gains against the yen on safe-haven demand.

- Date: 2020-02-27 · published 2020-02-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices ease India's import bill and support the rupee, which matters for Indian buyers of imported feed ingredients. The move is small and reflects routine currency trading.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-29 | [BRL Strengthens Slightly on Strong GDP and Easing Oil Prices](https://feedsoft.ai/events/19461-brl-strengthens-slightly-on-strong-gdp-and-easing-oil-prices.md) | +2.5% | -21.2% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |
| BRENT | 2019-09-18 | [Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices - India Today](https://feedsoft.ai/events/57383-rupee-stems-losses-rallies-54-paise-to-71-24-vs-usd-on-easing-oil-prices-india.md) | -2.2% | -9.4% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |

## Sources

- insights.dsij.in: https://insights.dsij.in/dsijarticledetail/rupee-strengthens-against-usd-amid-easing-crude-oil-prices-11704

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