# Rupee ends lower, logs worst single-day fall in nearly two months

> The rupee logged its worst single-day fall in nearly two months, closing at 83.92 per dollar, down 0.16%. Dollar demand from importers and foreign banks erased earlier gains, and overseas investors had sold over $2.5 billion of Indian stocks in August.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/29115-rupee-ends-lower-logs-worst-single-day-fall-in-nearly-two-months
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of dollar-priced feed imports, but a single-day move of this size has little effect on global feed grain prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-ends-lower-logs-worst-single-day-fall-nearly-two-months-2024-08-21/

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