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The rupee has strengthened 5.9% against the dollar in 2017, making it one of Asia's best performing currencies. It touched 63.56 on August 4, a two-year high, before closing at 64.13 on August 11.
Strong portfolio inflows, the budget and RBI policy shift fuelled the gains.
A stronger rupee lowers the local cost of dollar-priced imports but makes Indian exports less competitive. The trend supports Indian import demand for dollar-priced inputs.
thehindu.comManojit SahaAug 12, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
