# Indian markets bet on a hands-off RBI and stronger rupee- Moneycontrol.com

> The Reserve Bank of India has allowed a rally in the rupee with only modest intervention, sending traders to their most bullish positions since 2014. The rupee hit 64.765 per dollar, its strongest since October 2015, and some observers link the RBI's restraint to avoiding a US currency manipulator label.

- Date: 2017-04-03 · published 2017-04-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71784-indian-markets-bet-on-a-hands-off-rbi-and-stronger-rupee-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The RBI's reluctance to curb the rupee's gains supports further appreciation, which lowers India's dollar-denominated import costs and could weigh on export competitiveness.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/indian-markets-bet-on-a-hands-off-rbi-and-stronger-rupee-2251637.html

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