# Rupee plunges to all-time low of 77.71 against dollar as U.S. Treasury yields spike

> The Indian rupee closed at a record low of 77.71 per US dollar on May 31, 2022, down 17 paise, as surging US Treasury yields reduced appetite for riskier assets. Domestic equity losses, high crude prices and forex outflows also weighed on the currency. The rupee was on course for a fifth straight monthly decline.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/41685-rupee-plunges-to-all-time-low-of-77-71-against-dollar-as-u-s-treasury-yields
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee raises the landed cost of India's imports, including crude oil and edible oils, and can pressure Indian feed and oilseed import demand; the currency move is a macro driver rather than a direct grain supply change.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-25 | [Dollar firms on sudden spike in U.S. Treasury yields](https://feedsoft.ai/events/10596-dollar-firms-on-sudden-spike-in-u-s-treasury-yields.md) | +0.9% | +1.7% |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2018-10-19 | [Rupee opens tad lower against US dollar, bond yields fall - CNBC TV18](https://feedsoft.ai/events/62814-rupee-opens-tad-lower-against-us-dollar-bond-yields-fall-cnbc-tv18.md) | +0.6% | +1.0% |
| 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 | 2023-10-25 | [Dollar up as risk sentiment sours, Treasury yields rise \| Reuters](https://feedsoft.ai/events/33816-dollar-up-as-risk-sentiment-sours-treasury-yields-rise-reuters.md) | +0.2% | -2.4% |
| WTI | 2026-10-26 | [Rupee edges lower against dollar: Why the 95 mark is in focus - CNBC TV18](https://feedsoft.ai/events/17315-rupee-edges-lower-against-dollar-why-the-95-mark-is-in-focus-cnbc-tv18.md) | -3.2% | — |
| WTI | 2024-12-21 | [Why is the Indian rupee falling against the US dollar? \| Explained News - The Indian Express](https://feedsoft.ai/events/27232-why-is-the-indian-rupee-falling-against-the-us-dollar-explained-news-the-indian.md) | +2.7% | +9.0% |
| WTI | 2023-07-28 | [Canadian dollar hits 2-week low as rate hikes ‘begin to bite’](https://feedsoft.ai/events/35272-canadian-dollar-hits-2-week-low-as-rate-hikes-begin-to-bite.md) | +1.8% | -1.0% |

## Sources

- thehindu.com: https://www.thehindu.com/business/rupee-plunges-to-all-time-low-of-7771-against-dollar-as-us-treasury-yields-spike/article65481525.ece

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