# Rupee to bypass recovery in Asian peers on worries over outflows

> The rupee was set to open near 84.49 per dollar, close to its lifetime low of 84.5075, as foreign investors pulled money out of Indian assets. The Reserve Bank of India has sold dollars in the spot market, asked banks to cut speculative bets against the rupee, and tightened scrutiny of lenders' forex activity.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/27700-rupee-to-bypass-recovery-in-asian-peers-on-worries-over-outflows
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Sustained portfolio outflows and a stronger dollar raise the cost of dollar-priced imports for India, including feed ingredients. Central bank intervention may limit near-term moves but has not reversed the trend.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-bypass-recovery-asian-peers-worries-over-outflows-2024-11-29/

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