# Economic growth concerns, strong NDF dollar bids push rupee to record low | Reuters

> The Indian rupee hit a record low on December 2 as concerns about economic growth slowing to a seven-quarter low combined with strong dollar bids in the non-deliverable forwards market. The move reflects broader dollar strength.

- Date: 2024-12-02 · published 2024-12-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/27229-economic-growth-concerns-strong-ndf-dollar-bids-push-rupee-to-record-low-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A record-low rupee lifts the rupee cost of dollar-priced imports such as soybean oil, fertilizer and energy, and can shift Indian demand for imported feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/economic-growth-concerns-strong-ndf-dollar-bids-push-rupee-record-low-2024-12-02/

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