# Indian rupee off record lows on RBI intervention; bond yields rise

> The Indian rupee recovered from a record low of 77.7975 on May 17, 2022, after the Reserve Bank of India sold dollars through state-run banks. Bond yields rose alongside higher global crude prices. Wholesale price inflation reached 15.08% in April.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/41686-indian-rupee-off-record-lows-on-rbi-intervention-bond-yields-rise
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Central bank intervention limits near-term rupee weakness, but high inflation and crude costs keep Indian import costs elevated for vegetable oils and other feed-related imports.

## Read by commodity

- WTI: bullish ▲
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-06-28 | [Rupee Rate Today: Rupee at record lows, but RBI intervention slows slide, ETCFO](https://feedsoft.ai/events/41213-rupee-rate-today-rupee-at-record-lows-but-rbi-intervention-slows-slide-etcfo.md) | -9.0% | -12.6% |
| 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 | 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 | 2018-05-07 | [Rupee hits 1-year low on FPI outflow, higher crude - Times of India](https://feedsoft.ai/events/65301-rupee-hits-1-year-low-on-fpi-outflow-higher-crude-times-of-india.md) | +1.4% | -7.1% |
| WTI | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | -5.7% | -15.2% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/indian-rupee-off-record-lows-081844728.html

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