# Rupee logs biggest slide in two years on dollar's surge, limited central bank presence

> The Indian rupee hit a record low and logged its biggest single-day decline in nearly two years on January 13, closing at 86.575 per dollar. The drop was driven by a surging U.S. dollar, equity outflows and limited central bank intervention.

- Date: 2025-01-13 · published 2025-01-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/26785-rupee-logs-biggest-slide-in-two-years-on-dollar-s-surge-limited-central-bank
- 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 sharp rupee fall raises the cost of dollar-denominated feed imports for India. It also reflects broad dollar strength that can weigh on dollar-priced agricultural commodities.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +0.4% | -2.2% |
| DXY | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | +1.1% | +0.5% |
| DXY | 2024-11-08 | [Gold logs biggest weekly fall in over five months on dollar strength](https://feedsoft.ai/events/27335-gold-logs-biggest-weekly-fall-in-over-five-months-on-dollar-strength.md) | +1.7% | +1.5% |
| DXY | 2022-09-28 | [Aussie dollar slumps to three-year lows, below US65c - Sheep Central](https://feedsoft.ai/events/39841-aussie-dollar-slumps-to-three-year-lows-below-us65c-sheep-central.md) | -1.8% | -1.5% |
| DXY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +0.0% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-set-worst-day-two-years-dollars-surge-limited-central-bank-presence-2025-01-13/

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