# Why is there some worry about the rupee - The Hindu

> 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.

- Date: 2017-08-12 · published 2017-08-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69741-why-is-there-some-worry-about-the-rupee-the-hindu
- 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 imports but makes Indian exports less competitive. The trend supports Indian import demand for dollar-priced inputs.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/Economy/why-is-there-some-worry-about-the-rupee/article19481412.ece

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