# Rupee gains most in five months against dollar - The Hindu

> The rupee gained 0.75% to close at 71.48 per dollar after the Reserve Bank of India agreed to transfer 1.76 lakh crore rupees to the government, easing fiscal concerns. A weaker US dollar against major peers also supported the currency.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/57856-rupee-gains-most-in-five-months-against-dollar-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The RBI transfer improves India's fiscal room for stimulus, a modest support for domestic demand and the rupee, with limited direct effect on feed commodity prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/rupee-gains-most-in-five-months-against-dollar/article29271910.ece

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