# Indian Rupee Hits Weakest Level Ever Against the Dollar

> The rupee has lost about 7% of its value against the dollar this year and hit its weakest level ever. India's energy import bill has risen as crude, natural gas and coal prices climbed after Russia invaded Ukraine. Global uncertainty has also lifted the dollar to a 20-year high against major trading partners' currencies.

- Date: 2022-07-19 · published 2022-07-19T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/40777-indian-rupee-hits-weakest-level-ever-against-the-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee makes dollar-priced energy and imported inputs more expensive for India, and it can change the pace of Indian buying of oilseeds, feed ingredients and vegetable oils. Indian buyers face higher landed costs.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |
| WTI | 2026-03-30 | [Indian Rupee gives up RBI-linked gains, slides back to all-time lows against US Dollar](https://feedsoft.ai/events/20454-indian-rupee-gives-up-rbi-linked-gains-slides-back-to-all-time-lows-against-us.md) | +12.7% | -2.0% |
| WTI | 2018-11-01 | [Rupee dips further, hits new record closing low of 74.39 against US dollar](https://feedsoft.ai/events/62813-rupee-dips-further-hits-new-record-closing-low-of-74-39-against-us-dollar.md) | -5.6% | -21.2% |
| WTI | 2025-02-01 | [Why rupee breached 86 against US dollar: strengthening dollar, weak FII inflows](https://feedsoft.ai/events/26786-why-rupee-breached-86-against-us-dollar-strengthening-dollar-weak-fii-inflows.md) | -2.1% | -5.8% |
| WTI | 2018-07-05 | [Rupee All Time Low: Rupee Slumps To All-Time Closing Low Against U.S. Dollar](https://feedsoft.ai/events/64318-rupee-all-time-low-rupee-slumps-to-all-time-closing-low-against-u-s-dollar.md) | -5.0% | -7.8% |

## Sources

- nytimes.com: https://www.nytimes.com/2022/07/19/business/economy/rupee-dollar-record.html

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