# Indian rupee hits near 1-1/2 yr high; bonds rally, shares fall

> The Indian rupee hit a near 1.5-year high against the dollar after President Trump failed to pass a healthcare reform bill, which raised doubts about US fiscal stimulus. The Reserve Bank of India intervened to cap the gains, and Indian bond yields fell on strong dollar inflows.

- Date: 2017-03-27 · published 2017-03-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72295-indian-rupee-hits-near-1-1-2-yr-high-bonds-rally-shares-fall
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency moves tied to US policy setbacks and capital flows shift the cost of dollar-priced imports for Indian feed buyers without a direct change in crop supply.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/indian-rupee-hits-near-1-12-yr-high-bonds-rally-shares-fall/article61801688.ece

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