# Why rupee touched an all time low of 80.13 to the US dollar today - Times of India

> The rupee touched a record low of 80.13 per dollar on August 29 after Fed Chair Powell signalled rates would stay high for longer. The dollar index rose to a 20-year high and Indian equities fell sharply in a global selloff.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/40318-why-rupee-touched-an-all-time-low-of-80-13-to-the-us-dollar-today-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates push up the dollar and raise dollar-debt costs for emerging markets, which tightens Indian import capacity and weighs on feed purchasing power.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |
| DXY | 2023-05-20 | [Indian rupee faces rout over acute shortage of dollar - The Economic Times](https://feedsoft.ai/events/36228-indian-rupee-faces-rout-over-acute-shortage-of-dollar-the-economic-times.md) | +0.7% | -0.7% |
| DXY | 2022-05-31 | [Rupee plunges to all-time low of 77.71 against dollar as U.S. Treasury yields spike](https://feedsoft.ai/events/41685-rupee-plunges-to-all-time-low-of-77-71-against-dollar-as-u-s-treasury-yields.md) | +0.0% | +2.0% |
| DXY | 2022-05-09 | [Indian Rupee Plunges to All-Time Low Against USD: Factors Driving the Slump? By Investing.com](https://feedsoft.ai/events/41691-indian-rupee-plunges-to-all-time-low-against-usd-factors-driving-the-slump-by.md) | +0.8% | -1.3% |
| DXY | 2018-07-19 | [Rupee Suffers 43 Paise Knock to Close at Lifetime Low of 69.05 Against Dollar \| India.com](https://feedsoft.ai/events/64320-rupee-suffers-43-paise-knock-to-close-at-lifetime-low-of-69-05-against-dollar.md) | -0.4% | +1.6% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/why-the-rupee-touched-an-all-time-low-of-80-13-to-the-dollar-today/articleshow/93849192.cms

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