# Rupee rises 10 paise to 68.86 vs USD as RBI swap auction elicits strong response

> The rupee closed 10 paise stronger at 68.86 per dollar on March 26 after the RBI's first rupee-dollar swap auction drew bids of $16.31 billion against the $5 billion notified. Foreign fund inflows and strong domestic equity buying also supported the currency.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60385-rupee-rises-10-paise-to-68-86-vs-usd-as-rbi-swap-auction-elicits-strong-response
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee lowers the local-currency cost of imported feed inputs for India and can cut the rupee value of export sales. The effect on global feed prices is small.

## Read by commodity

- USDINR: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-rises-10-paise-to-68-86-vs-usd-as-rbi-swap-auction-elicits-strong-response/articleshow/68581812.cms

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