# How the rupee’s fall can impact the economy and what RBI can do about it | Mint

> The rupee fell to a record closing low of 83.54 per dollar on Tuesday, with an intraday low of 83.57 before the RBI likely intervened. Analysts linked the slide to a strong dollar, Middle East tensions and expectations of delayed Fed rate cuts.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupee makes India's imports, including energy and edible oils, more expensive, while higher oil prices from geopolitical risk add to inflation pressure.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-03-28 | [Canadian dollar gains as data shows economy ‘humming along’ - The Globe and Mail](https://feedsoft.ai/events/31432-canadian-dollar-gains-as-data-shows-economy-humming-along-the-globe-and-mail.md) | +6.4% | +3.2% |
| WTI | 2019-04-29 | [What does US$100-per-barrel crude oil mean for the world’s economy? It depends how long the price holds and who you are \| South China Morning Post](https://feedsoft.ai/events/59757-what-does-us-100-per-barrel-crude-oil-mean-for-the-world-s-economy-it-depends.md) | -2.1% | -7.6% |
| WTI | 2024-04-04 | [Why is the rupee falling?](https://feedsoft.ai/events/31011-why-is-the-rupee-falling.md) | +0.9% | -6.8% |
| WTI | 2024-04-12 | [Why is European economy diverging from US and what are the limits to this? \| Reuters](https://feedsoft.ai/events/9974-why-is-european-economy-diverging-from-us-and-what-are-the-limits-to-this.md) | -2.7% | -6.1% |
| 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% |
| BRENT | 2019-04-29 | [What does US$100-per-barrel crude oil mean for the world’s economy? It depends how long the price holds and who you are \| South China Morning Post](https://feedsoft.ai/events/59757-what-does-us-100-per-barrel-crude-oil-mean-for-the-world-s-economy-it-depends.md) | -0.3% | -4.5% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2026-07-31 | [Rupee posts strongest week since March on RBI support - The Economic Times](https://feedsoft.ai/events/18646-rupee-posts-strongest-week-since-march-on-rbi-support-the-economic-times.md) | -7.1% | +3.9% |

## Sources

- livemint.com: https://www.livemint.com/economy/how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-11713370644476.html

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