# Rupee seen extending declines on higher US yields; dollar at 2-week high - The Pound Hub

> The rupee was expected to fall further after a rise in U.S. Treasury yields lifted the dollar index to a two-week high. Two weak U.S. debt auctions raised concerns about demand, and the 10-year yield rose 16 basis points over two sessions.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/30564-rupee-seen-extending-declines-on-higher-us-yields-dollar-at-2-week-high-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher U.S. yields strengthen the dollar and pressure emerging-market currencies, raising the local cost of dollar-denominated feed imports. The effect on feed prices is modest.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine](https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline.md) | +0.8% | +1.3% |
| DXY | 2026-10-01 | [S. Korean won weakens against US dollar on lingering worries over higher yields - The Korea Times](https://feedsoft.ai/events/17293-s-korean-won-weakens-against-us-dollar-on-lingering-worries-over-higher-yields.md) | +0.2% | +0.6% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |
| DXY | 2026-02-05 | [U.S. dollar hits two-week high, pound slumps after BoE holds rates](https://feedsoft.ai/events/20865-u-s-dollar-hits-two-week-high-pound-slumps-after-boe-holds-rates.md) | -0.7% | +1.1% |
| DXY | 2021-03-08 | [Dollar at 3-1/2-month high on firmer yields, U.S. growth \| Reuters](https://feedsoft.ai/events/48311-dollar-at-3-1-2-month-high-on-firmer-yields-u-s-growth-reuters.md) | -0.6% | -0.0% |

## Sources

- thepoundhub.com: https://thepoundhub.com/asian-currency/rupee-seen-extending-declines-on-higher-us-yields-dollar-at-2-week-high/

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