# Rupee rebounds 24 paise to one-week high - The HinduBusinessLine

> The Indian rupee rose 24 paise to 68.08 per dollar, a one-week high, on dollar selling by banks and exporters. Dealers attributed the rally to a weaker US dollar after Donald Trump's press conference offered little clarity on stimulus and trade policy.

- Date: 2017-01-12 · published 2017-01-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/73239-rupee-rebounds-24-paise-to-one-week-high-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger rupee makes Indian imports of feed inputs cheaper in rupee terms and slightly dampens export competitiveness; the effect on grain and oilseed prices is minor.

## Read by commodity

- DXY: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2017-03-17 | [Asian stocks set to end week higher; dollar left in doldrums by Fed - The HinduBusinessLine](https://feedsoft.ai/events/71925-asian-stocks-set-to-end-week-higher-dollar-left-in-doldrums-by-fed-the.md) | -0.6% | -0.8% |
| DXY | 2021-08-27 | [Pound hits over 1-week high - Business & Finance - Business Recorder](https://feedsoft.ai/events/45804-pound-hits-over-1-week-high-business-and-finance-business-recorder.md) | -0.9% | -0.0% |
| DXY | 2017-12-28 | [Dollar near 3-1/2 week lows; commodity, currencies stand tall - The HinduBusinessLine](https://feedsoft.ai/events/67395-dollar-near-3-1-2-week-lows-commodity-currencies-stand-tall-the.md) | -1.2% | -3.8% |
| DXY | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | -1.1% | -1.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-rebounds-24-paise-to-one-week-high/article64302784.ece

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