# Rupee hits record low amid worries about US tariffs; RBI likely steps in

> The Indian rupee slipped to an all-time low of 86.65 per dollar on Friday as threats of U.S. tariffs under Trump weighed on Asian currencies. The Reserve Bank of India likely stepped in to support the currency, and persistent foreign portfolio outflows added pressure.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/26781-rupee-hits-record-low-amid-worries-about-us-tariffs-rbi-likely-steps-in
- 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 weaker rupee raises the cost of imported feed inputs priced in dollars for Indian buyers and can shift Indian demand for soymeal and other ingredients. Tariff-driven dollar strength also tends to weigh on dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |
| DXY | 2016-11-24 | [Indian rupee hits record low as emerging market rout intensifies](https://feedsoft.ai/events/74119-indian-rupee-hits-record-low-as-emerging-market-rout-intensifies.md) | -0.3% | +0.7% |
| DXY | 2025-02-28 | [Rupee to struggle after US tariff worries resurface, spark dollar rally](https://feedsoft.ai/events/26308-rupee-to-struggle-after-us-tariff-worries-resurface-spark-dollar-rally.md) | -1.5% | -1.3% |
| DXY | 2016-11-24 | [Rupee hits new record low of 68.86 - The Statesman](https://feedsoft.ai/events/74122-rupee-hits-new-record-low-of-68-86-the-statesman.md) | -0.3% | +0.7% |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-hits-record-low-amid-worries-about-us-tariffs-rbi-likely-steps-2025-01-31/

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