# Rupee continues its highly bullish run for third-straight week - The Siasat Daily – Archive

> The rupee settled 24 paise stronger at a two-month high of 64.46 per dollar, extending its third straight weekly gain. The move followed Moody's first sovereign upgrade for India in over 13 years and S&P keeping its BBB- rating with a stable outlook.

- Date: 2017-12-03 · published 2017-12-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/67769-rupee-continues-its-highly-bullish-run-for-third-straight-week-the-siasat-daily
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lowers the local cost of dollar-priced feed imports into India, easing pressure on buyers.

## Read by commodity

- USDINR: bearish ▼

## Sources

- archive.siasat.com: https://archive.siasat.com/news/rupee-continues-highly-bullish-run-third-straight-week-1271552/

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