# Indian rupee declines to all-time low on heavy dollar demand

> The Indian rupee fell to a lifetime low of 83.9850 per dollar on Thursday. Importers were buying dollars for immediate and future payments, and central bank intervention limited the decline.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/28612-indian-rupee-declines-to-all-time-low-on-heavy-dollar-demand
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavy importer dollar demand at record lows raises the rupee cost of dollar-priced imports such as feed ingredients and edible oils.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-declines-all-time-low-heavy-dollar-demand-2024-09-05/

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