# INDIA RUPEE Rupee down on Fed policy bets, falls less than peers on likely RBI help

> The Indian rupee weakened slightly against the dollar on February 27, closing at 82.835 per dollar from 82.75. Asian currencies fell as markets priced in further and longer Federal Reserve rate hikes, with a 25 basis point hike fully priced for both March and May.

- Date: 2023-03-01 · published 2023-03-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/37606-india-rupee-rupee-down-on-fed-policy-bets-falls-less-than-peers-on-likely-rbi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the rupee cost of imported feed ingredients such as soybean meal and corn, which can squeeze Indian feed buyers. Expectations of further Fed hikes support the dollar and keep emerging-market currency pressure elevated.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/india/india-rupee-rupee-down-fed-policy-bets-falls-less-than-peers-likely-rbi-help-2023-02-27/

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