# Rupee gains on weak dollar - The HinduBusinessLine

> The rupee was hovering near 64.40 early in the week and gained after the US Federal Reserve kept rates unchanged and signalled that balance sheet unwinding would begin relatively soon. The dollar index fell from about 94 to a low of 93.15 before recovering to around 93.45. A 25-basis-point RBI rate cut is widely expected at the coming policy meeting.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to support Indian import-dependent sectors and lowers the rupee cost of dollar-priced commodities, though the effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-12 | [Rupee rebounds 24 paise to one-week high - The HinduBusinessLine](https://feedsoft.ai/events/73239-rupee-rebounds-24-paise-to-one-week-high-the-hindubusinessline.md) | -0.6% | -2.4% |
| DXY | 2018-07-31 | [Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine](https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline.md) | +0.6% | +0.6% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| DXY | 2019-03-20 | [Dollar on defensive as market awaits Fed decision, euro edges up - The HinduBusinessLine](https://feedsoft.ai/events/60265-dollar-on-defensive-as-market-awaits-fed-decision-euro-edges-up-the.md) | +0.4% | +0.4% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/news-analysis/rupee-gains-on-weak-dollar/article9795771.ece

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