# Asia's top carry trade stokes rupee bulls with RBI on sidelines

> The rupee has gained about 6% against the dollar this year and is the top carry-trade currency in emerging markets. The Reserve Bank of India has tolerated the gains, and foreign investors have added more than $14 billion to Indian bonds and equities.

- Date: 2017-05-16 · published 2017-05-16T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71298-asia-s-top-carry-trade-stokes-rupee-bulls-with-rbi-on-sidelines
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee strength makes dollar-priced imports cheaper for India, but it weighs on exporters. The effect on global feed commodity prices is limited.

## Read by commodity

- USDINR: bearish ▼

## Sources

- livemint.com: https://www.livemint.com/Money/S1Ud60XmnQhRPU133BULjI/Asias-top-carry-trade-stokes-rupee-bulls-with-RBI-on-sideli.html

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