# USD/INR rebounds as foreign outflows weigh on Indian Rupee

> The Indian rupee weakened on Tuesday amid sustained foreign institutional outflows and rising US bond yields tied to higher odds of a Trump win. Foreign investors withdrew about $10 billion from Indian equity and debt markets in October, the heaviest monthly selling this year.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/28163-usd-inr-rebounds-as-foreign-outflows-weigh-on-indian-rupee
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavy foreign outflows pressure the rupee higher against the dollar, raising import costs for Indian buyers of soy and vegetable oil products.

## Read by commodity

- USDINR: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-inr-recovers-as-foreign-outflows-weigh-on-indian-rupee-202410290307

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