# Rupee bounces back from near one-month low | Rupee bounces back from near one-month low

> The rupee recovered from a near one-month low to close at 64.44 per dollar on May 27. The recovery came from dollar selling by banks and exporters and a weaker greenback after the Fed signaled a cautious approach to rate hikes.

- Date: 2017-05-27 · published 2017-05-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71300-rupee-bounces-back-from-near-one-month-low-rupee-bounces-back-from-near-one
- 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. The move is routine and does not shift global feed supply or demand.

## Read by commodity

- USDINR: bearish ▼

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/market/270517/rupee-bounces-back-from-near-one-month-low.html

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