# Rupee continues to rise, many hope its only for a short term

> The rupee reached a 21-month high of 63.93 per dollar after moving past 65 in early April and has appreciated 5.4% in the current fiscal year. Foreign inflows totaled Rs 21,886 crore, mostly into debt markets, and analysts expect strength to persist for one to two months.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71783-rupee-continues-to-rise-many-hope-its-only-for-a-short-term
- 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 for India, but the flows behind the move may reverse, adding currency volatility for buyers of imported feed ingredients.

## Read by commodity

- USDINR: bearish ▼

## Sources

- zeebiz.com: https://www.zeebiz.com/india/news-rupee-continues-to-rise-many-hope-its-only-for-a-short-term-15515

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