# Rupee closes at new low of 83.39/$; worst performer among Asian currencies

> The rupee closed at a new all-time low of 83.39 per dollar on November 30 amid a stronger dollar index and higher crude prices. It was the worst performer among Asian currencies in November, the only one to depreciate, while the dollar index fell about 4% that month. Persistent dollar demand from importers was cited as the main cause.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33468-rupee-closes-at-new-low-of-83-39-worst-performer-among-asian-currencies
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Importer dollar demand and a weaker rupee raise the landed cost of imported feed ingredients in India. The currency gap against regional peers also weighs on Indian import competitiveness.

## Read by commodity

- WTI: neutral
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-10 | [Rupee near all-time low: What's wrong with the currency? Can it fall more? \| Stock Market News](https://feedsoft.ai/events/41690-rupee-near-all-time-low-what-s-wrong-with-the-currency-can-it-fall-more-stock.md) | +10.7% | +15.9% |
| WTI | 2022-05-31 | [Rupee plunges to all-time low of 77.71 against dollar as U.S. Treasury yields spike](https://feedsoft.ai/events/41685-rupee-plunges-to-all-time-low-of-77-71-against-dollar-as-u-s-treasury-yields.md) | +3.0% | -1.7% |
| WTI | 2024-09-19 | [How commodity prices perform following rate cuts: Analysts](https://feedsoft.ai/events/28218-how-commodity-prices-perform-following-rate-cuts-analysts.md) | -1.9% | -1.1% |
| WTI | 2018-04-27 | [COP best performer so far in 2018 – Rabobank — Octa](https://feedsoft.ai/events/65790-cop-best-performer-so-far-in-2018-rabobank-octa.md) | +0.4% | +3.8% |
| WTI | 2017-04-05 | [EM currencies vulnerable this week?](https://feedsoft.ai/events/71772-em-currencies-vulnerable-this-week.md) | +4.7% | -6.3% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/rupee-settles-at-fresh-closing-low-of-83-39-as-dollar-index-rises-123113001013_1.html

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