# rupee rate today: Strong US GDP data drives rupee to a fresh low - The Economic Times

> The rupee closed at a record low of 83.3938 per dollar after US data showed third-quarter GDP growth revised up to 5.2% annualised. The dollar index rose to 103.35 during Indian trade. Traders said the stronger growth could push Federal Reserve rate cuts further into 2024.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33467-rupee-rate-today-strong-us-gdp-data-drives-rupee-to-a-fresh-low-the-economic
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the cost of imported feed inputs such as soymeal and corn for Indian buyers. The move reflects dollar strength rather than a change in grain supply.

## Read by commodity

- USDINR: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/forex/rupee-closes-at-new-low-as-firm-us-gdp-data-boosts-dollar-globally/articleshow/105630457.cms

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