# Rupee springs back from 3-month low; FOMC minutes in focus

> The rupee recovered some ground to close at 64.76 per dollar after touching a three-month low of 64.95 intraday. Heavy importer demand for dollars was offset by state-run bank and exporter dollar sales. Traders were positioning ahead of minutes from the Federal Reserve's January meeting.

- Date: 2018-02-21 · published 2018-02-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/66781-rupee-springs-back-from-3-month-low-fomc-minutes-in-focus
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Intraday swings reflect dollar demand from importers and Fed rate expectations, which affect the cost of dollar-priced feed imports. The move was a routine session fluctuation with no new structural cause.

## Read by commodity

- USDINR: neutral

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-springs-back-from-3-month-low-fomc-minutes-in-focus/article22817748.ece

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