# Explainer | The free fall of the rupee - The Hindu

> An explainer on the rupee's record slide past 79 per dollar, with the rupee down more than 6% in 2022 and forex reserves falling below $600 billion. It describes RBI efforts to smooth the currency's fall and outlook for further weakness.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/41212-explainer-the-free-fall-of-the-rupee-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee weakness raises the cost of imported goods for India, supporting the dollar against emerging-market currencies and influencing Indian buying of imported oilseeds and meals. The price effect on feed commodities is indirect.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/Economy/explainer-the-free-fall-of-the-rupee/article65585509.ece

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