# Rupee advances 7 paise against dollar at 64.78 | Rupee advances 7 paise against dollar at 64.78

> The rupee rose 7 paise to 64.78 per dollar on Tuesday as the US Federal Reserve began its two-day policy meeting. Exporters and banks kept selling dollars, while a stronger dollar overseas and a weaker opening in Indian equities limited gains. The benchmark Sensex fell slightly in early trade.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68751-rupee-advances-7-paise-against-dollar-at-64-78-rupee-advances-7-paise-against
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Small rupee moves ahead of the Fed meeting have little direct effect on feed prices, though a stronger dollar after the Fed could raise the cost of dollar-priced imports for India.

## Read by commodity

- USDINR: bearish ▼

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/market/311017/rupee-advances-7-paise-against-dollar-at-6478.html

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