# Rupee (INR) rises to one-month high against US dollar (USD): 5 things to know

> The rupee rose to a one-month high of 70.68 against the dollar on strong domestic stock gains and easing crude prices. Brent slipped to $61.33 a barrel on signs of rising US crude stockpiles.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/56842-rupee-inr-rises-to-one-month-high-against-us-dollar-usd-5-things-to-know
- 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 reduces India's current account pressure and supports the rupee, which lowers the local cost of imported feed ingredients.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/market/stock-market-news/rupee-dollar-exchange-rate-today-inr-rises-to-one-month-high-against-us-dollar-11572322265897.html

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