# Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine

> The rupee fell to 83.23 per dollar on Tuesday on month-end dollar demand and higher U.S. Treasury yields. The dollar index reached a year-to-date high of 106.20 and the U.S. 10-year yield hit its highest since 2007, while foreign investors sold $1.3 billion of Indian equities this month.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher U.S. yields and a firmer dollar keep pressure on emerging market currencies and raise the local-currency cost of dollar-priced commodities for India. The move is a currency-market update with no new agricultural supply shock.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-29 | [Rupee seen extending declines on higher US yields; dollar at 2-week high - The Pound Hub](https://feedsoft.ai/events/30564-rupee-seen-extending-declines-on-higher-us-yields-dollar-at-2-week-high-the.md) | +1.1% | +2.3% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |
| DXY | 2016-11-24 | [What’s moving the rupee - The HinduBusinessLine](https://feedsoft.ai/events/74120-what-s-moving-the-rupee-the-hindubusinessline.md) | -0.3% | +0.7% |
| DXY | 2018-04-27 | [Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine](https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the.md) | +0.7% | +1.9% |
| DXY | 2017-12-25 | [Dollar steady but its funding costs soar ahead of the year-end - The HinduBusinessLine](https://feedsoft.ai/events/67697-dollar-steady-but-its-funding-costs-soar-ahead-of-the-year-end-the.md) | -1.3% | -3.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-falls-on-month-end-dollar-demand-higher-us-yields/article67348377.ece

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