# India rupee falls to lifetime low as oil prices surge; yields rise - Markets - Business Recorder

> The Indian rupee hit a historic low of 76.96 per dollar on March 7 as oil surged more than 9% to its highest since 2008. Bond yields rose on concern about inflation and the possibility of RBI rate hikes, and the rupee was expected to face pressure from the Reserve Bank of India's dollar sales.

- Date: 2022-03-07 · published 2022-03-07T12:00:00.000Z
- Category: geopolitics · region India · magnitude medium
- Page: https://feedsoft.ai/events/42547-india-rupee-falls-to-lifetime-low-as-oil-prices-surge-yields-rise-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupee alongside surging crude raises India's import bill and inflation, which can lift imported feed ingredient costs and tighten domestic financing conditions.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-03-07 | [Rupee sinks to lifetime-low as Ukraine crisis threatens to push India's oil-import bill](https://feedsoft.ai/events/42546-rupee-sinks-to-lifetime-low-as-ukraine-crisis-threatens-to-push-india-s-oil.md) | -4.6% | -13.0% |
| BRENT | 2026-07-24 | [Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Markets - Business Recorder](https://feedsoft.ai/events/11578-physical-oil-prices-jump-with-some-nearing-110-as-iran-ukraine-wars-hit-supply.md) | -10.4% | -9.4% |
| BRENT | 2022-01-31 | [Supply, geopolitics put oil on track - Markets - Business Recorder](https://feedsoft.ai/events/43296-supply-geopolitics-put-oil-on-track-markets-business-recorder.md) | +4.7% | +8.3% |
| BRENT | 2022-05-31 | [C$ holds near multi-week high as EU bans Russian oil - Markets - Business Recorder](https://feedsoft.ai/events/41646-c-holds-near-multi-week-high-as-eu-bans-russian-oil-markets-business-recorder.md) | +0.8% | -3.2% |
| BRENT | 2019-03-01 | [Oil prices rise as markets tighten due to OPEC supply cuts](https://feedsoft.ai/events/60286-oil-prices-rise-as-markets-tighten-due-to-opec-supply-cuts.md) | +0.0% | +2.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40159088

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