# Indian rupee little changed after initial losses; US yields, RBI eyed - Markets - Business Recorder

> The Indian rupee was little changed on October 21 after an initial decline, trading at 82.765 per dollar. The move followed a record low the previous day and intervention by the RBI. US Treasury yields hit multi-year highs after weak jobless claims and hawkish Fed comments, and futures priced in another 75 basis point Fed hike in November.

- Date: 2022-10-21 · published 2022-10-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/39422-indian-rupee-little-changed-after-initial-losses-us-yields-rbi-eyed-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected large Fed hikes keep the dollar and US yields elevated, which pressures emerging-market currencies such as the rupee and raises the dollar cost of imports for India. Lower rupee forward premiums also signal weaker future currency values.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | +0.5% | +0.8% |
| DXY | 2023-06-30 | [Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/35782-indian-rupee-to-struggle-on-more-fed-rate-hike-bets-us-yields-surge-markets.md) | -0.4% | -1.5% |
| DXY | 2025-10-27 | [Indian rupee outshines peers on RBI support, importers pile in - Markets - Business Recorder](https://feedsoft.ai/events/22695-indian-rupee-outshines-peers-on-rbi-support-importers-pile-in-markets-business.md) | +0.4% | +0.8% |
| DXY | 2024-04-26 | [Indian rupee to see muted reaction to US inflation flare-up - Markets - Business Recorder](https://feedsoft.ai/events/31014-indian-rupee-to-see-muted-reaction-to-us-inflation-flare-up-markets-business.md) | -0.3% | -0.9% |
| DXY | 2023-05-30 | [Indian rupee closes down; forward premiums hover around 2023-lows - Markets - Business Recorder](https://feedsoft.ai/events/36227-indian-rupee-closes-down-forward-premiums-hover-around-2023-lows-markets.md) | -0.5% | -1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40204395

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