# India’s Rupee Stays Calm Amid Frothy Forex Markets     - WSJ

> The Indian rupee has been unusually stable amid volatile global currency markets driven by President Trump's comments. A volatility gauge for the rupee fell to its lowest level since shortly after the November 2016 US election. The rupee has declined 1.8% against the dollar since 8 November.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72796-india-s-rupee-stays-calm-amid-frothy-forex-markets-wsj
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Low rupee volatility keeps India's import costs for dollar-priced feed ingredients predictable. The stability suggests no strong directional pressure on USD/INR.

## Read by commodity

- USDINR: neutral

## Sources

- wsj.com: https://www.wsj.com/articles/indias-rupee-stays-calm-amid-frothy-forex-markets-1486032736

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