# Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder

> The Indian rupee declined against the dollar on Tuesday, tracking a broad slide in Asian currencies led by the yuan after China's 2022 growth slumped to near a half-century low. The rupee traded at 81.76 per dollar.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38053-indian-rupee-weakens-on-yuan-led-slide-on-asian-currencies-markets-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weakness in the yuan and Chinese growth signals softer Chinese import demand for feed commodities, while a softer rupee raises Indian import costs.

## Read by commodity

- USDCNY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-09 | [Yuan slips as weak inflation fans growth concerns - Markets - Business Recorder](https://feedsoft.ai/events/6250-yuan-slips-as-weak-inflation-fans-growth-concerns-markets-business-recorder.md) | -2.1% | -3.9% |
| USDCNY | 2023-03-02 | [China’s yuan weakens on Fed official’s hawkish comments - Markets - Business Recorder](https://feedsoft.ai/events/37094-china-s-yuan-weakens-on-fed-official-s-hawkish-comments-markets-business.md) | +1.2% | +0.3% |
| USDCNY | 2023-11-16 | [China’s yuan weakens on persistent property sector woes - Markets - Business Recorder](https://feedsoft.ai/events/12025-china-s-yuan-weakens-on-persistent-property-sector-woes-markets-business.md) | -1.3% | -1.9% |
| USDCNY | 2022-07-27 | [China’s yuan weakens as Fed looms, property, COVID weigh - Markets - Business Recorder](https://feedsoft.ai/events/40700-china-s-yuan-weakens-as-fed-looms-property-covid-weigh-markets-business-recorder.md) | -0.2% | +1.3% |
| USDCNY | 2024-03-27 | [Asian currencies at multi-month lows against US dollar; stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/31453-asian-currencies-at-multi-month-lows-against-us-dollar-stocks-mixed-markets.md) | +0.2% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40220665

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