# Rupee weakens 1.5% in FY24, but registers best year in three - CNBC TV18

> The rupee ended FY24 down 1.5% against the dollar at 83.40, its best year in three, and outperformed most emerging market peers. Higher oil prices, which rallied about 19% from December lows, pressured the currency while Russian crude imports cushioned the impact.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/31476-rupee-weakens-1-5-in-fy24-but-registers-best-year-in-three-cnbc-tv18
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising crude costs widen India's current account deficit and raise the cost of imported inputs, but the currency's relative strength limits the hit to feed buyers.

## Read by commodity

- BRENT: bullish ▲
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-08-31 | [Rupee weakens 11 paise to 95.49 against dollar: What’s weighing on the currency - CNBC TV18](https://feedsoft.ai/events/18177-rupee-weakens-11-paise-to-95-49-against-dollar-what-s-weighing-on-the-currency.md) | +10.1% | +24.2% |
| BRENT | 2024-02-09 | [Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder](https://feedsoft.ai/events/31968-indian-rupee-weakens-slightly-on-dollar-demand-from-state-run-banks-importers.md) | +1.5% | +1.9% |
| BRENT | 2026-09-24 | [Rupee Faces Oil And US Rate Jitters, But RBI Steps In - Finimize](https://feedsoft.ai/events/17746-rupee-faces-oil-and-us-rate-jitters-but-rbi-steps-in-finimize.md) | -2.9% | +2.3% |
| BRENT | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | +5.1% | +3.9% |
| BRENT | 2018-08-01 | [Rupee recovers from 5-year low, up 23 paise at 68.57 against dollar](https://feedsoft.ai/events/64316-rupee-recovers-from-5-year-low-up-23-paise-at-68-57-against-dollar.md) | -1.0% | +2.3% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/currency/rupee-weakens-15-in-fy24-but-registers-best-year-in-three-19388311.htm

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