# Rupee seen at record low as dollar, U.S. yields surge; RBI eyed | Financial Post

> The rupee was poised to hit a new lifetime low near 81.30 per dollar as the dollar index rose to its highest since 2002 and the pound collapsed. The RBI had sold dollars at 81.20 the previous Friday.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/39854-rupee-seen-at-record-low-as-dollar-u-s-yields-surge-rbi-eyed-financial-post
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad dollar strength and Asian currency weakness raise the local-currency cost of imported commodities for Indian buyers, a modest bearish factor for demand.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2023-04-19 | [Dollar firms as U.S. yields rise, high British inflation underpins pound \| Financial Post](https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound.md) | +0.4% | +0.1% |
| DXY | 2021-10-18 | [Dollar resumes upward March on higher yields; yen falls again \| Financial Post](https://feedsoft.ai/events/44796-dollar-resumes-upward-march-on-higher-yields-yen-falls-again-financial-post.md) | -0.4% | +0.4% |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2022-01-28 | [Dollar set for sparkling week as hike expectations surge \| Financial Post](https://feedsoft.ai/events/12226-dollar-set-for-sparkling-week-as-hike-expectations-surge-financial-post.md) | -0.9% | -0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/rupee-seen-at-record-low-as-dollar-u-s-yields-surge-rbi-eyed

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