# Rupee Strengthens: Rupee Closes Above 70/$ As Global Winds Turn

> The rupee closed at 69.84 per dollar on Thursday, gaining 1.1% and posting its best monthly performance since September 2013. Brent has fallen 22% in the past month, and the Fed's dovish comments supported the rally.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62321-rupee-strengthens-rupee-closes-above-70-as-global-winds-turn
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Falling oil prices and a softer dollar have eased India's external balance concerns, reducing pressure on the currency. Analysts expect gains to slow from here, which limits the further drop in USD/INR.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2019-08-31 | [Rupee Vs Dollar: turmoil in both global equity and currency markets \| VARINDIA](https://feedsoft.ai/events/57858-rupee-vs-dollar-turmoil-in-both-global-equity-and-currency-markets-varindia.md) | +1.1% | +2.4% |
| BRENT | 2025-06-17 | [Real strengthens amid commodity bets, easing geopolitical fears](https://feedsoft.ai/events/24425-real-strengthens-amid-commodity-bets-easing-geopolitical-fears.md) | -1.7% | -5.5% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| BRENT | 2018-11-29 | [Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s \| News on Markets - Business Standard](https://feedsoft.ai/events/62319-rupee-closes-at-69-85-a-dollar-after-3-months-of-weak-run-in-the-70s-news-on.md) | +5.8% | -11.2% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/rupee-strengthens-past-70-as-us-fed-softens-stance-10396412

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