# Explainer: Why is rupee falling against the greenback despite weakness in dollar index?

> The rupee had fallen about 70 paise, or 0.84%, over three months, even as the dollar index weakened about 2.7% over the same period. It reached an all-time low of 83.98 per dollar the previous week, and analysts said it could breach 84 soon.

- Date: 2024-09-12 · published 2024-09-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/28611-explainer-why-is-rupee-falling-against-the-greenback-despite-weakness-in-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A persistently weak rupee raises the local cost of dollar-priced feed ingredients and other imports for Indian buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/explainer-why-is-rupee-falling-against-the-greenback-despite-weakness-in-dollar-index/articleshow/113276671.cms?from=mdr

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