# Rupee strengthens. Should RBI worry? - The HinduBusinessLine

> A HinduBusinessLine column says the RBI's dollar-rupee swap auction was a strong success, with banks bidding $16.31 billion against the $5 billion sought. It argues the RBI may use such tools to limit rupee appreciation, since a stronger rupee could hurt exports.

- Date: 2019-03-27 · published 2019-03-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60391-rupee-strengthens-should-rbi-worry-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Official efforts to cap rupee strength affect the value of India's exports and imports. The commentary has little direct effect on feed prices.

## Read by commodity

- USDINR: neutral

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/opinion/columns/rupee-strengthens-should-rbi-worry/article26655092.ece

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