# Indian rupee soars 77 paise, under 70 per dollar mark after 3 months

> The rupee rose 77 paise to a three-month high of 69.85 per dollar on November 29, its third straight gain. Crude oil slipped below $60 a barrel on supply glut fears, and the Sensex rose on fresh foreign inflows.

- Date: 2018-12-01 · published 2018-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices ease India's inflation and current account pressure, supporting the rupee. Importers may keep buying dollars to cover exposure given volatile markets.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-01 | [Rupee gains past 70 a dollar for first time in 3 months: 5 things to know](https://feedsoft.ai/events/62320-rupee-gains-past-70-a-dollar-for-first-time-in-3-months-5-things-to-know.md) | +6.0% | -10.4% |
| 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% |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |
| 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 | 2020-01-24 | [Rupee down 7 paise to end at 71.33  - The HinduBusinessLine](https://feedsoft.ai/events/55367-rupee-down-7-paise-to-end-at-71-33-the-hindubusinessline.md) | -5.9% | -3.6% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months/articleshow/66866860.cms

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