# Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally

> The Indian rupee was expected to slip below 83.50 to a lifetime low amid a broad dollar rally driven by risk aversion. Data suggested the US Federal Reserve could hold off on rate cuts.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31010-rupee-may-weaken-past-83-50-usd-on-risk-aversion-powered-dollar-rally
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of delayed Fed cuts strengthen the dollar, which tends to weigh on dollar-denominated commodity prices and raises import costs for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | +0.0% | +1.6% |
| DXY | 2024-03-01 | [JPY/USD Yen Weakens Through 150 Per Dollar, Raising Intervention Risk](https://feedsoft.ai/events/31916-jpy-usd-yen-weakens-through-150-per-dollar-raising-intervention-risk.md) | -0.8% | -0.1% |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |
| DXY | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | -1.4% | +0.8% |
| DXY | 2025-05-18 | [IDR/USD: Indonesian Rupiah Set for Rally in Second Half on Weaker Dollar - Bloomberg](https://feedsoft.ai/events/24975-idr-usd-indonesian-rupiah-set-for-rally-in-second-half-on-weaker-dollar.md) | -1.4% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-may-weaken-past-8350usd-risk-aversion-powered-dollar-rally-2024-04-16/

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