# Rupee breaks free, runs up 69 paise on Moody's India upgrade | Rupee breaks free, runs up 69 paise on Moody's India upgrade

> The rupee jumped 69 paise to 64.63 per dollar on November 17 after Moody's upgraded India's sovereign rating to Baa2 with a stable outlook. The upgrade was the first in 13 years and followed economic and institutional reforms, and the Sensex rose sharply at the open.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68262-rupee-breaks-free-runs-up-69-paise-on-moody-s-india-upgrade-rupee-breaks-free
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The sovereign upgrade attracts capital inflows and strengthens the rupee, lowering India's dollar cost of imported vegetable oils and other feed inputs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/market/171117/rupee-breaks-free-runs-up-69-paise-on-moodys-india-upgrade.html

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