# Rupee Rate Today: Rupee at record lows, but RBI intervention slows slide, ETCFO

> The rupee hit record lows against the dollar on Tuesday as higher oil prices raised inflation concerns, though RBI dollar selling limited losses. Traders saw the rupee heading toward 79-79.50.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/41213-rupee-rate-today-rupee-at-record-lows-but-rbi-intervention-slows-slide-etcfo
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude raises India's import bill and trade deficit, pressuring the rupee and making imports more expensive. This signals weaker Indian purchasing power for commodities priced in dollars.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-17 | [Indian rupee off record lows on RBI intervention; bond yields rise](https://feedsoft.ai/events/41686-indian-rupee-off-record-lows-on-rbi-intervention-bond-yields-rise.md) | -3.3% | +4.2% |
| 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 | 2018-09-01 | [Indian rupee at fresh record low, breaches 71 for the first time](https://feedsoft.ai/events/63801-indian-rupee-at-fresh-record-low-breaches-71-for-the-first-time.md) | -3.3% | +7.9% |
| WTI | 2018-07-07 | [Trade war, oil may keep rupee near record low](https://feedsoft.ai/events/64313-trade-war-oil-may-keep-rupee-near-record-low.md) | -3.7% | -7.2% |
| WTI | 2025-02-01 | [Stock market today: Rupee crashes 32 paise to hit record low of 86.36 against U.S. dollar in early trade](https://feedsoft.ai/events/26787-stock-market-today-rupee-crashes-32-paise-to-hit-record-low-of-86-36-against-u.md) | -2.1% | -5.8% |

## Sources

- cfo.economictimes.indiatimes.com: https://cfo.economictimes.indiatimes.com/news/rupee-at-record-lows-but-rbi-intervention-slows-slide/92517126

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