# Rupee remains positive after US Fed keeps rates intact

> The rupee stayed firm at 67.42 per dollar after the US Federal Reserve kept rates unchanged and took a cautious tone on future hikes. Selling of dollars by exporters supported the rupee. Holding US rates steady encouraged investors to keep emerging-market assets.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72798-rupee-remains-positive-after-us-fed-keeps-rates-intact
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Steady US rates support emerging-market inflows that strengthen the rupee, lowering the rupee cost of dollar-priced feed imports. The effect is modest because the rupee was trading in a narrow range.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/rupee-remains-positive-after-us-fed-keeps-rates-intact-117020200274_1.html

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