R32 rotary compressor is commonly applied in the household air conditioner. The valve motion is significant to the performance and reliability of rotary compressor. Valve lift is an important factor which directly affects the valve motion. A suitable valve lift can both reduce power consumption and fracture risk of valve plate. Based on a compressor prototype, this paper developed a FSI model to simulate the working process of discharge valve. The simulation results show that a large valve lift means a large discharge effective flow area and a low indicated power. But both the velocity of valve plate impacting the retainer and the impact stress of valve plate are relatively large, which will lead to the fracture in the valve plate. The simulated initial impact location on the head of valve plate is near the oblique incision due to the uneven pressure distribution in the discharge port and the torsional movement of valve plate. The maximum impact stress distribution areas on the valve plate obtained from simulation results are matched with the fracture areas of two valve plate samples, which proves that the simulation results are accurate enough to guide the optimization design of discharge valve in the rotary compressor.