# Rupee ends October near record low; cenbank quells volatility

> The Indian rupee ended October near an all-time low against the dollar, closing at 84.0750 with little change from the prior session. The currency market was closed Friday for a public holiday.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/28158-rupee-ends-october-near-record-low-cenbank-quells-volatility
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weak rupee lowers India's purchasing cost for imported vegetable oils and feed inputs, which can support demand for US and South American products priced in dollars.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-drops-all-time-low-equity-outflows-us-election-worries-2024-10-31/

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