# Why is the rupee falling?

> The rupee was approaching record lows near 83.44 to 83.48 against the dollar, pressured by a strong dollar, higher crude prices and expectations of fewer Fed rate cuts. A decline in the Chinese yuan was also weighing on the rupee, given India's large trade deficit with China.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31011-why-is-the-rupee-falling
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher crude prices and a stronger dollar raise the cost of imported energy and feed inputs for India, while a weaker yuan signals softer Chinese demand sentiment.

## Read by commodity

- WTI: bullish ▲
- USDCNY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-01-24 | [Why the dollar is weak](https://feedsoft.ai/events/67171-why-the-dollar-is-weak.md) | +0.2% | -4.3% |
| WTI | 2018-07-12 | [Rescuing the rupee: A peek into the RBI's arsenal](https://feedsoft.ai/events/64314-rescuing-the-rupee-a-peek-into-the-rbi-s-arsenal.md) | -2.4% | -5.0% |
| WTI | 2024-04-17 | [How the rupee’s fall can impact the economy and what RBI can do about it \| Mint](https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint.md) | -2.3% | -7.9% |
| WTI | 2026-04-30 | [Is the rand on the brink of breaching R17?](https://feedsoft.ai/events/20002-is-the-rand-on-the-brink-of-breaching-r17.md) | -10.8% | -16.4% |
| WTI | 2026-04-28 | [What’s happening with the rand?](https://feedsoft.ai/events/20005-what-s-happening-with-the-rand.md) | +10.1% | -2.4% |
| USDCNY | 2018-10-31 | [Why the Chinese yuan is falling](https://feedsoft.ai/events/62761-why-the-chinese-yuan-is-falling.md) | -0.7% | -0.4% |
| USDCNY | 2018-05-30 | [Why we’re forecasting the yuan to depreciate \| articles \| ING THINK](https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think.md) | -0.2% | +2.5% |
| USDCNY | 2019-09-03 | [Most Asian units slip as trade tensions weigh, Indian rupee falls most](https://feedsoft.ai/events/57386-most-asian-units-slip-as-trade-tensions-weigh-indian-rupee-falls-most.md) | -0.5% | -0.1% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/why-is-the-rupee-falling-12575161.html

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