# Indian rupee slips on likely dollar outflows; premiums at 2-month low - Markets - Business Recorder

> The Indian rupee fell on May 9, 2023, to 81.925 per dollar, likely on dollar outflows by a large US-based bank and rising US yields. Rupee forward premiums fell, with the 1-year implied yield dropping to 2.17%. The two-year US yield neared 4% ahead of US inflation data.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/36232-indian-rupee-slips-on-likely-dollar-outflows-premiums-at-2-month-low-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee increases the local cost of dollar-priced imports for Indian feed buyers, while rising US yields reinforce dollar strength. The move is a short-term currency fluctuation with little global commodity impact.

## Read by commodity

- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40241102

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