# Indian rupee rises 17 paise to 70.62 on easing crude prices

> The rupee strengthened 17 paise to close at 70.62 per dollar on November 28 as global crude slipped below $60 a barrel. Domestic equities also recovered, with the Sensex gaining over 200 points for a third session.

- Date: 2018-12-01 · published 2018-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices
- 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 lower India's import costs and inflation outlook, which supports the rupee. Forex traders are watching upcoming domestic and US data for the next move.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-18 | [Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices - India Today](https://feedsoft.ai/events/57383-rupee-stems-losses-rallies-54-paise-to-71-24-vs-usd-on-easing-oil-prices-india.md) | -2.2% | -9.4% |
| 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 | 2021-11-03 | [Rupee rises by 22 paise to nearly 1-month high on FPI flows \| Business](https://feedsoft.ai/events/44323-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows-business.md) | +0.1% | -16.4% |
| BRENT | 2020-02-03 | [Rupee drops by 6 paise to end at 71.38 on forex outflows](https://feedsoft.ai/events/54865-rupee-drops-by-6-paise-to-end-at-71-38-on-forex-outflows.md) | -6.0% | -12.2% |
| BRENT | 2018-12-01 | [Indian rupee soars 77 paise, under 70 per dollar mark after 3 months](https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months.md) | +6.0% | -10.4% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices/articleshow/66850940.cms

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