# Rupee slips to all-time low on weak Asia FX, likely equity outflows | Reuters

> The rupee slipped to an all-time low on Tuesday, pressured by weakness in regional Asian currencies and likely equity outflows. The RBI intervened to curb sharp declines.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/28162-rupee-slips-to-all-time-low-on-weak-asia-fx-likely-equity-outflows-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A record-low rupee raises the cost of dollar-priced imports for India, which can dampen buying of vegetable oils and feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-slips-all-time-low-weak-asia-fx-likely-equity-outflows-2024-10-22/

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