# Rupee fails to exploit bullish growth forecast, down 3 paise

> The rupee closed 3 paise lower at 63.58 per dollar, halting a three-day rally despite a bullish Economic Survey forecast of 7-7.5% growth for 2018-19. The dollar index was up near 89.19 in early trade.

- Date: 2018-01-29 · published 2018-01-29T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/67256-rupee-fails-to-exploit-bullish-growth-forecast-down-3-paise
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Routine currency moves with month-end dollar demand have little direct effect on feed prices. The growth outlook supports Indian demand for feed and protein over time.

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/rupee-fails-to-exploit-bullish-growth-forecast-down-3-paise-118012901036_1.html

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