# Stock market today: Rupee crashes 32 paise to hit record low of 86.36 against U.S. dollar in early trade

> The Indian rupee fell 58 paise to a record closing low of 86.62 per dollar on January 13, its steepest single-day fall in nearly two years. The decline was attributed to a stronger U.S. currency, surging crude oil prices and large foreign capital withdrawals.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/26787-stock-market-today-rupee-crashes-32-paise-to-hit-record-low-of-86-36-against-u
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A steep rupee depreciation raises the cost of dollar-priced feed and energy imports for India. It also signals dollar strength that tends to pressure dollar-denominated commodity prices.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-01 | [Rupee dips further, hits new record closing low of 74.39 against US dollar](https://feedsoft.ai/events/62813-rupee-dips-further-hits-new-record-closing-low-of-74-39-against-us-dollar.md) | -5.6% | -21.2% |
| WTI | 2018-08-01 | [Rupee recovers from 5-year low, up 23 paise at 68.57 against dollar](https://feedsoft.ai/events/64316-rupee-recovers-from-5-year-low-up-23-paise-at-68-57-against-dollar.md) | -0.5% | -1.4% |
| WTI | 2018-07-05 | [Rupee All Time Low: Rupee Slumps To All-Time Closing Low Against U.S. Dollar](https://feedsoft.ai/events/64318-rupee-all-time-low-rupee-slumps-to-all-time-closing-low-against-u-s-dollar.md) | -5.0% | -7.8% |
| WTI | 2023-07-26 | [Rupee falls 13 paise to close at 82.01 against US dollar](https://feedsoft.ai/events/35320-rupee-falls-13-paise-to-close-at-82-01-against-us-dollar.md) | +2.1% | +0.7% |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-crashes-to-hit-record-low-against-us-dollar/article69094374.ece

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