# Rupee weakens amid dollar bids related to expiry of currency futures | Finance News - Business Standard

> The Indian rupee fell on Wednesday to 83.4875 per dollar as public sector banks kept buying dollars, largely tied to the monthly expiry of currency futures. Other Asian currencies also dipped on expectations that US rates would stay high for longer.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/30067-rupee-weakens-amid-dollar-bids-related-to-expiry-of-currency-futures-finance
- 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 imports such as soybean meal and vegetable oils, which can soften Indian import demand and weigh on feed-ingredient prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/finance/news/rupee-weakens-amid-dollar-bids-related-to-expiry-of-currency-futures-124062600351_1.html

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