# India rupee drops for 7th straight year as headwinds swirl near year-end | Reuters

> The Indian rupee fell 2.8% in 2024 to close at 85.6150 per US dollar, marking a seventh straight annual decline. Losses were concentrated in the last quarter after Donald Trump's US election win lifted the dollar, while slowing growth and a wider trade deficit added pressure.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/27227-india-rupee-drops-for-7th-straight-year-as-headwinds-swirl-near-year-end-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the cost of imported feed inputs and fertilizer priced in dollars for India, while making Indian exports such as rice and meal more competitive abroad.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/india-rupee-drops-7th-straight-year-headwinds-swirl-near-year-end-2024-12-31/

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