# Rupee hits 5-month high vs US dollar, then erases gains

> The rupee rose to a six-month high near 69.24 against the dollar before giving back gains, after weaker dollar moves and firm domestic equities. The article cites a strong US payrolls report and Fed patience as dollar-weakening factors.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/61359-rupee-hits-5-month-high-vs-us-dollar-then-erases-gains
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer rupee lowers the cost of imported feed ingredients for Indian buyers, though the move is driven by currency flows rather than grain supply.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2023-08-28 | [Dollar index dips, briefly hits 9-month high against yen](https://feedsoft.ai/events/34857-dollar-index-dips-briefly-hits-9-month-high-against-yen.md) | +0.2% | +1.3% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2024-09-23 | [Bangkok Post - Baht at 19-month high against US dollar](https://feedsoft.ai/events/28597-bangkok-post-baht-at-19-month-high-against-us-dollar.md) | -0.2% | +2.5% |

## Sources

- livemint.com: https://www.livemint.com/Money/1HP235KztyErnUFOjoRASJ/Rupee-jumps-to-5month-high-against-US-dollar-5-things-to-k.html

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