# Rupee tad lower pressed by oil cos' dollar bids; forward premiums slip | Reuters

> The Indian rupee weakened slightly on Friday, pressured by month-end dollar demand from local oil companies. Dollar-rupee far forward premiums fell as investors reduced bets on another large US rate cut.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/28607-rupee-tad-lower-pressed-by-oil-cos-dollar-bids-forward-premiums-slip-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher dollar demand from oil importers raises the rupee cost of imported energy and goods, a small upward pressure on the dollar-rupee rate.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-tad-lower-pressed-by-oil-cos-dollar-bids-forward-premiums-slip-2024-09-27/

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