# Indian Rupee Rate Today: RBI Hold Interest Rates, USD/INR Falls

> The Reserve Bank of India unexpectedly held its policy rate, and USD/INR fell about 0.5% on the day. Credit Suisse cut its three-month USD/INR forecast from 68.5 to 67.4 and kept its twelve-month forecast at 69.50. The bank sees downside risks to its forecast.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72797-indian-rupee-rate-today-rbi-hold-interest-rates-usd-inr-falls
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The hawkish hold and lower forecast point to a firmer rupee in the near term, which reduces the rupee cost of dollar-priced feed imports into India. Credit Suisse's twelve-month view still implies later weakness.

## Read by commodity

- USDINR: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17399/usd-inr-us-dollar-to-indian-rupee-exchange-rate-news-and-forecast.html

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