# Rupee slips but state-run banks' dollar sales cap losses | Reuters

> The rupee was at 83.93 in morning trade against a prior close of 83.90. Dollar bids from importers weighed on the currency, but state-run bank dollar sales limited the decline.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/29113-rupee-slips-but-state-run-banks-dollar-sales-cap-losses-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Intraday rupee moves of this size do not change Indian feed import costs in any meaningful way.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-slips-state-run-banks-dollar-sales-cap-losses-2024-08-27/

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