# Rupee pares early gains, down 4 paise at 64.19 a dollar - The Hindu

> The rupee closed 4 paise lower at 64.19 per dollar on July 31, its second straight loss, as month-end dollar demand from importers and corporates offset early gains. Traders stayed on the sidelines ahead of the Reserve Bank of India's August 2 policy review, where a rate cut is widely expected.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70269-rupee-pares-early-gains-down-4-paise-at-64-19-a-dollar-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of imported feed inputs such as soymeal and corn, while the expected RBI rate cut could add pressure on the currency over the coming weeks.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-pares-early-gains-down-4-paise-at-6419-a-dollar/article19394835.ece

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