# Rupee rises 8 paise to 71.23 against US dollar  - The HinduBusinessLine

> The rupee opened higher and rose 8 paise to 71.23 per dollar in early trade, tracking domestic equity gains. Brent crude rose 0.16% to $68.03 a barrel, and China criticised a US defence act that restricts some Chinese trade and tech dealings.

- Date: 2019-12-27 · published 2019-12-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55854-rupee-rises-8-paise-to-71-23-against-us-dollar-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency and crude moves of this size have little direct effect on feed grain prices, but the US-China friction is a background risk for soybean and feed demand.

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-rises-8-paise-to-7123-against-us-dollar/article30409120.ece

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