# USD/INR TECHNICAL ANALYSIS: KEY FACTORS THIS WEEK - Grainmart News

> A technical outlook for the rupee expects the dollar to firm on higher crude prices and foreign fund outflows. It cites Iran tensions and a seized UK tanker that could disrupt Strait of Hormuz shipments, and it expects a Fed rate cut and US-China talks to help the rupee recover.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/58370-usd-inr-technical-analysis-key-factors-this-week-grainmart-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude and a firmer dollar raise import costs for India and can weigh on local feed ingredient prices. The forecast is analyst opinion, so the impact is uncertain.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-02-01 | [Oil Rises To 3-Week High as Dollar Slips, OPEC Cuts Output \| Stock News & Stock Market Analysis - IBD](https://feedsoft.ai/events/72672-oil-rises-to-3-week-high-as-dollar-slips-opec-cuts-output-stock-news-and-stock.md) | -1.1% | +2.0% |
| WTI | 2021-10-06 | [ICE weekly outlook: Canola feeling the energy - Grainews](https://feedsoft.ai/events/44670-ice-weekly-outlook-canola-feeling-the-energy-grainews.md) | +2.1% | +6.1% |
| WTI | 2019-07-31 | [Market Report & Analysis for 7/31/2019 Morning Edition - Fuels Market News](https://feedsoft.ai/events/11291-market-report-and-analysis-for-7-31-2019-morning-edition-fuels-market-news.md) | -7.6% | -5.3% |
| WTI | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +8.9% | +16.1% |
| WTI | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | +0.2% | +0.5% |

## Sources

- grainmart.in: https://www.grainmart.in/news/usd-inr-technical-analysis-key-factors-this-week/

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