# Rupee begins 2019 journey on a high; soars 34 paise against USD

> The rupee closed at 69.43 against the dollar on January 1, gaining 34 paise on exporter dollar selling and firm equities. The currency had fallen 9.23% in calendar 2018.

- Date: 2019-01-01 · published 2019-01-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/61363-rupee-begins-2019-journey-on-a-high-soars-34-paise-against-usd
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer rupee reduces the local cost of imported feed inputs, but this was a routine session-level move with no new supply or demand driver.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-begins-2019-journey-on-a-high-soars-34-paise-against-usd/article25881322.ece

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