# A strong rupee is not bad news - The HinduBusinessLine

> The rupee has risen over 5% against the dollar since the start of 2017 after moving from 68.7 in November 2016 to below 64, outperforming Asian and emerging-market peers. The article argues a stronger rupee lowers India's import bill, which runs to about $380 billion in merchandise imports in FY17, while noting risks to exports.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71787-a-strong-rupee-is-not-bad-news-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Lower import costs from a stronger rupee reduce India's dollar spending on energy and other imports, but the effect on global commodity demand is limited and the story is mainly macro commentary.

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/todays-paper/tp-opinion/a-strong-rupee-is-not-bad-news/article9669338.ece

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