# Rupee settles 6 paise higher against dollar ahead of Fed meet outcome | Rupee settles 6 paise higher against dollar ahead of Fed meet outcome

> The rupee settled 6 paise higher at 68.79 against the dollar on July 31 as traders awaited the outcome of the US Federal Reserve meeting. Trading stayed in a narrow range after US-China trade talks in Shanghai ended without a breakthrough.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/58368-rupee-settles-6-paise-higher-against-dollar-ahead-of-fed-meet-outcome-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee moves affect the cost of imported feed ingredients for India, though this move was small and driven mainly by Fed and trade-talk uncertainty. Feed buyers should see little direct price impact.

## Read by commodity

- USDINR: neutral

## Sources

- asianage.com: https://www.asianage.com/business/market/310719/rupee-settles-6-paise-higher-against-dollar-ahead-of-fed-meet-outcome.html

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