# Data | Making sense of Rupee’s record slump to 79 per dollar - The Hindu

> The rupee breached 79 per dollar for the first time on July 1 and has fallen 6.7% in 2022, worse than most emerging-market peers but the weakest among BRICS. Heavy foreign portfolio selling of Indian equities, net $29 billion this year, has driven dollar demand. The dollar index has risen about 11% over the same period.

- Date: 2022-07-09 · published 2022-07-09T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/40779-data-making-sense-of-rupee-s-record-slump-to-79-per-dollar-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Sustained foreign outflows and a strong dollar keep import costs for India elevated, which can reduce its appetite for dollar-priced commodities and fertilizer. This tightens the cost base for Indian feed and food processors.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/data/data-making-sense-of-rupees-record-slump-to-79-per-dollar/article65620588.ece

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