# Indian rupee gains with stocks as India said to plan steps on currency

> Reuters reports that the Indian rupee rallied as much as 1.1% to 71.92 per dollar after hitting a record low of 72.9138 earlier, as an official said the government may announce measures to support the currency. The government did not rule out a rate increase, and the Sensex and bond yields rebounded from recent losses.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/63328-indian-rupee-gains-with-stocks-as-india-said-to-plan-steps-on-currency
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Government support measures could stabilise the rupee and ease pressure on Indian import costs, but the policy outlook remains uncertain, so feed import demand may stay sensitive to currency swings.

## Read by commodity

- USDINR: bearish ▼

## Sources

- gulfnews.com: https://gulfnews.com/how-to/your-money/indian-rupee-gains-with-stocks-as-india-said-to-plan-steps-on-currency-1.2277614

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