# Rupee spurts 25 paise to 68.33 against U.S. dollar on Fed boost

> The rupee rose 25 paise to 68.33 against the dollar in early trade on July 11. The gain followed Fed Chair Jerome Powell's comments that the central bank was ready to act to support growth, which raised expectations of a July rate cut.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58371-rupee-spurts-25-paise-to-68-33-against-u-s-dollar-on-fed-boost
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expectations of Fed easing weaken the dollar and can support commodity prices. For feed buyers, the effect is indirect and modest.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-spurts-25-paise-to-6833-vs-on-fed-boost/article28367622.ece

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