# Indian rupee weakens on Fed rate hike bets, dollar demand from importers | Reuters

> The rupee fell 0.54% to 79.66 per dollar on August 8 as traders bet on larger Federal Reserve rate hikes and importers bought dollars. The move followed a short-lived gain after the Reserve Bank of India raised rates by 50 basis points.

- Date: 2022-08-08 · published 2022-08-08T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/40317-indian-rupee-weakens-on-fed-rate-hike-bets-dollar-demand-from-importers-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of tighter US policy strengthen the dollar, which raises the cost of dollar-denominated imports for India and pressures emerging-market currencies broadly.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-16 | [Canadian dollar hits six-week low as investors bet on additional Fed rate hikes \| Reuters](https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes.md) | +0.6% | +2.6% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2026-06-30 | [United States Dollar Index strengthens above 101.00 on Fed rate hike bets](https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets.md) | -0.1% | -0.3% |
| DXY | 2023-04-21 | [South African rand weaker as Fed rate bets support dollar \| CNBC Africa](https://feedsoft.ai/events/36686-south-african-rand-weaker-as-fed-rate-bets-support-dollar-cnbc-africa.md) | +0.3% | +0.8% |
| DXY | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | +0.8% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/indian-rupee-weakens-fed-rate-hike-bets-dollar-demand-importers-2022-08-08/

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