# Rupee falls 31 paise to 82.23 against the US dollar in early trade

> The rupee fell 31 paise to 82.23 per dollar in early trade on Friday amid foreign fund outflows and elevated crude prices near $84 a barrel. The dollar index was roughly flat near 101.76.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rupee weakness lifts the rupee cost of imported feed ingredients, while elevated crude prices add to energy and freight costs for feed makers.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |
| BRENT | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -3.8% | -6.0% |
| 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% |
| BRENT | 2019-02-13 | [Rupee snaps 6-day rise, settles 10 paise down at 70.80 against U.S. dollar](https://feedsoft.ai/events/60869-rupee-snaps-6-day-rise-settles-10-paise-down-at-70-80-against-u-s-dollar.md) | +5.8% | +5.6% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade-123072800128_1.html

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