# Rupee weakens below 84.50/USD for first time ever on dollar strength, outflows | Reuters

> The rupee fell below 84.50 per dollar for the first time, hitting an all-time low of 84.5025 on Friday. The fall followed a post-US-election dollar rally and more than $4 billion in foreign outflows from Indian equities and bonds this month.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/27702-rupee-weakens-below-84-50-usd-for-first-time-ever-on-dollar-strength-outflows
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Record rupee weakness raises India's import costs for dollar-priced commodities and feed inputs. Continued foreign outflows could keep pressure on the currency.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-weakens-record-low-hurt-by-persistent-outflows-stronger-dollar-2024-11-22/

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