# Rupee surges

> The rupee closed higher at 64.6250/6275 per dollar on May 25. The move followed a broad weakening of the US dollar after Fed FOMC minutes pointed to a gradual, cautious rate hike in June.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71297-rupee-surges
- 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 dollar-priced commodities such as grains and oilseeds. The effect on feed prices from this currency move alone is small.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-27 | [No Rate Hike by US Fed, Rupee Surges against Dollar - AxisDirect](https://feedsoft.ai/events/70276-no-rate-hike-by-us-fed-rupee-surges-against-dollar-axisdirect.md) | -0.6% | -0.5% |
| DXY | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | -0.4% | -0.9% |
| DXY | 2023-03-13 | [Bangkok Post - Baht surges amid US bank collapse](https://feedsoft.ai/events/37135-bangkok-post-baht-surges-amid-us-bank-collapse.md) | +0.3% | -1.6% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |
| DXY | 2022-01-31 | [USD/INR: Rupee Rises, GDP Revised Lower - Currency Live](https://feedsoft.ai/events/43419-usd-inr-rupee-rises-gdp-revised-lower-currency-live.md) | -0.8% | -0.7% |

## Sources

- business-standard.com: https://www.business-standard.com/article/news-cm/rupee-surges-117052500973_1.html

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