# QBiz: Rupee Hits 17-Month High; Reliance Industries Shares Slump

> The rupee closed at a 17-month high of 65.04 per dollar, gaining 37 paise on panic dollar selling by speculators and exporters. Separately, Reliance Industries fell after regulators banned it from trading futures and options for a year over share price manipulation.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/72300-qbiz-rupee-hits-17-month-high-reliance-industries-shares-slump
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The rupee move is a routine currency market update with no direct effect on feed commodity supply or demand.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thequint.com: https://www.thequint.com/news/business/qbiz-rupee-hits-17-month-high-reliance-industries-falls-sebi-flipkart-airtel-vodafone-idea-jio-irdai

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