# Rupee extends winning run for 6th day against dollar, settles at fresh one-month high of 70.85 on easing oil prices – Firstpost

> The rupee rose 7 paise to a one-month high of 70.85 per dollar, extending a six-session winning streak on firm domestic equities and easing crude oil prices. Traders expected key inflation and industrial production data the following day.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55859-rupee-extends-winning-run-for-6th-day-against-dollar-settles-at-fresh-one-month
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lowers India's import costs for crude and feed ingredients, but the move has little direct bearing on grain or oilseed prices.

## Sources

- firstpost.com: https://www.firstpost.com/business/rupee-extends-winning-run-for-6th-day-against-dollar-settles-at-fresh-one-month-high-of-70-85-on-easing-oil-prices-7770351.html

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