# Rupee surges by 24p to 1-wk high on US rate cut hopes

> The rupee closed up 24 paise at 69.44 per dollar, a one-week high, after the US Federal Reserve signaled a possible rate cut. Brent crude rose about 2.7% to $63.47 a barrel on rising US-Iran tensions, which limited the rupee's gains.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/58891-rupee-surges-by-24p-to-1-wk-high-on-us-rate-cut-hopes
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker dollar on Fed easing expectations supports emerging-market currencies, while higher crude raises India's import bill and energy-linked feed and freight costs.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-22 | [Oil prices settle $1 up on hopes of a US Fed rate cut next month \| Reuters](https://feedsoft.ai/events/28696-oil-prices-settle-1-up-on-hopes-of-a-us-fed-rate-cut-next-month-reuters.md) | +2.5% | -4.3% |
| BRENT | 2019-09-16 | [Rupee plunges nearly 1%, RBI steps in to cut losses  - The Hindu](https://feedsoft.ai/events/57380-rupee-plunges-nearly-1-rbi-steps-in-to-cut-losses-the-hindu.md) | +6.6% | -0.3% |
| BRENT | 2016-12-12 | [Canadian dollar above 76 cents US as oil surges to 1½-year high \| CBC News](https://feedsoft.ai/events/73711-canadian-dollar-above-76-cents-us-as-oil-surges-to-11-2-year-high-cbc-news.md) | +2.7% | +0.3% |
| BRENT | 2024-04-23 | [Crude oil prices today: WTI above $83 on hopes for interest rate cuts](https://feedsoft.ai/events/30928-crude-oil-prices-today-wti-above-83-on-hopes-for-interest-rate-cuts.md) | +1.5% | -5.0% |
| BRENT | 2026-09-24 | [Rupee Faces Oil And US Rate Jitters, But RBI Steps In - Finimize](https://feedsoft.ai/events/17746-rupee-faces-oil-and-us-rate-jitters-but-rbi-steps-in-finimize.md) | -2.9% | +2.3% |

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/rupee-surges-by-24p-to-1-wk-high-on-us-rate-cut-hopes-119062000878_1.html

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