# Silent correction in rupee, even as dollar weakens against major currencies | Money & Forex Markets - Business Standard

> The Indian rupee has strengthened only about 0.94% against the dollar over six months, lagging peers such as the Malaysian ringgit and South African rand. The dollar index fell below 89, a three-year low, after US Treasury Secretary Mnuchin endorsed a weaker dollar.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker dollar lifts emerging-market currencies, while rising oil prices pressure India's import bill and inflation. For feed buyers, a firmer rupee lowers the local cost of dollar-priced imports such as soymeal and corn.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | +0.1% | +2.9% |
| DXY | 2025-05-05 | [Dollar weakens against major currencies as markets weigh tariff uncertainty](https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty.md) | +0.0% | -1.1% |
| DXY | 2022-09-30 | [Rupee gains on report of RBI nudging oil firms to reduce dollar buys \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/39852-rupee-gains-on-report-of-rbi-nudging-oil-firms-to-reduce-dollar-buys-money-and.md) | -0.2% | -0.3% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | -1.0% | -0.5% |

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies-118013100312_1.html

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