# Indian rupee at record low, with central bank likely helping cap slide - Markets - Business Recorder

> The Indian rupee hit an all-time low of 81.9350 per dollar as US yields surged and the dollar index reached a two-decade high. Traders suspected the Reserve Bank of India was selling dollars through state banks to keep the currency from weakening further.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/39851-indian-rupee-at-record-low-with-central-bank-likely-helping-cap-slide-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

Rupee weakness makes imported oilseeds and vegetable oils more expensive for Indian buyers, while the dollar strength pressures commodity prices broadly.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-30 | [Indian rupee counts on support from central bank before Fed policy decision - Markets - Business Recorder](https://feedsoft.ai/events/31008-indian-rupee-counts-on-support-from-central-bank-before-fed-policy-decision.md) | -0.5% | -0.9% |
| 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 | 2021-09-30 | [Hawkish central banks keep currencies afloat - Markets - Business Recorder](https://feedsoft.ai/events/45335-hawkish-central-banks-keep-currencies-afloat-markets-business-recorder.md) | +0.0% | -1.1% |
| 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% |
| DXY | 2022-10-21 | [Indian rupee little changed after initial losses; US yields, RBI eyed - Markets - Business Recorder](https://feedsoft.ai/events/39422-indian-rupee-little-changed-after-initial-losses-us-yields-rbi-eyed-markets.md) | -1.0% | -3.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40199645
- brecorder.com: https://www.brecorder.com/news/40200126

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