# Indian Rupee Plunges to All-Time Low Against USD: Factors Driving the Slump? By Investing.com

> The Indian rupee hit an all-time low of 77.42 on May 9, 2022, after US Treasury yields rose following the Federal Reserve's 50 basis point rate hike. Foreign investors continued selling Indian equities. Investors expect further aggressive US monetary tightening.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/41691-indian-rupee-plunges-to-all-time-low-against-usd-factors-driving-the-slump-by
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and rising US yields weigh on emerging-market currencies, raising the local-currency cost of dollar-priced commodity imports for India.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-17 | [Why Rupee Breached 70 Levels Against USD This Week? \| Investing.com India](https://feedsoft.ai/events/59360-why-rupee-breached-70-levels-against-usd-this-week-investing-com-india.md) | +0.2% | -0.1% |
| DXY | 2022-05-31 | [Rupee plunges to all-time low of 77.71 against dollar as U.S. Treasury yields spike](https://feedsoft.ai/events/41685-rupee-plunges-to-all-time-low-of-77-71-against-dollar-as-u-s-treasury-yields.md) | +0.0% | +2.0% |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |
| DXY | 2022-08-29 | [Why rupee touched an all time low of 80.13 to the US dollar today - Times of India](https://feedsoft.ai/events/40318-why-rupee-touched-an-all-time-low-of-80-13-to-the-us-dollar-today-times-of-india.md) | +0.6% | +4.4% |
| DXY | 2018-07-19 | [Rupee Suffers 43 Paise Knock to Close at Lifetime Low of 69.05 Against Dollar \| India.com](https://feedsoft.ai/events/64320-rupee-suffers-43-paise-knock-to-close-at-lifetime-low-of-69-05-against-dollar.md) | -0.4% | +1.6% |

## Sources

- in.investing.com: https://in.investing.com/news/indian-rupee-plunges-to-alltime-low-against-usd-factors-driving-the-slump-3192952

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