# currency call rupee - The HinduBusinessLine

> Short-term technical analysis sees the rupee holding a positive view after two weeks of gains, with upside capped near 66 and a 66-68.85 range expected. The RBI kept rates unchanged, contrary to expectations of a cut, which supported the currency. The dollar index rose about 1.6% from near 99.2 to around 100.75.

- Date: 2017-02-13 · published 2017-02-13T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/72795-currency-call-rupee-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Technical support and the RBI's hold point to a firmer rupee, which lowers the local cost of imported dollar-priced feed ingredients. The dollar index rebound limits the rupee's gains.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/money-and-banking/shortterm-view-for-the-rupee-remains-positive/article9539771.ece

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