# Rupee caps best first quarter since 1975 amid $12 billion inflow

> The Indian rupee rallied 4.7% since December 31 to post its best first quarter since 1975. Foreign investors bought rupee bonds and Indian stocks, with Rs272 billion of bond inflows in March alone, after Prime Minister Modi's party won state elections. The Reserve Bank of India has been intervening in currency markets to slow the gains.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/72294-rupee-caps-best-first-quarter-since-1975-amid-12-billion-inflow
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger rupee and heavy foreign inflows reflect improved sentiment toward India and a softer dollar, which weighs on dollar-denominated Indian feed and commodity import costs in rupee terms.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-22 | [Yen rallies after Japan intervenes with first support since 1998](https://feedsoft.ai/events/39807-yen-rallies-after-japan-intervenes-with-first-support-since-1998.md) | +1.9% | +1.8% |
| DXY | 2022-12-01 | [Dollar index lowest since August as inflation moderates \| Reuters](https://feedsoft.ai/events/38417-dollar-index-lowest-since-august-as-inflation-moderates-reuters.md) | -0.6% | -1.5% |
| DXY | 2023-07-14 | [US Dollar Faces Worst Weekly Decline Since November Amid Disinflation Concerns](https://feedsoft.ai/events/9983-us-dollar-faces-worst-weekly-decline-since-november-amid-disinflation-concerns.md) | +0.4% | +1.7% |
| DXY | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| DXY | 2022-11-10 | [USDMXN falls to lowest since March 2020 after US inflation and ahead of Banxico — Octa](https://feedsoft.ai/events/38893-usdmxn-falls-to-lowest-since-march-2020-after-us-inflation-and-ahead-of-banxico.md) | -1.6% | -2.8% |

## Sources

- livemint.com: https://www.livemint.com/Money/2u3JZRI5sJtbhfOxpj5LlK/Rupee-caps-best-first-quarter-since-1975-amid-12-billion-in.html

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