# Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India

> The Indian rupee fell 99 paise to close at 75.60 per dollar on February 24 after Russia launched military operations against Ukraine. Foreign fund outflows, equity selling and elevated crude prices weighed on sentiment, and Brent jumped about 8% to near $105.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee raises India's landed cost of crude and edible oils and vegetable oil imports priced in dollars, which supports global palm and soyoil import demand costs. Oil spikes also feed through to feed and freight costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2018-07-01 | [Rupee hits an all-time closing low of 68.79 a dollar](https://feedsoft.ai/events/64794-rupee-hits-an-all-time-closing-low-of-68-79-a-dollar.md) | -3.1% | -4.9% |
| BRENT | 2019-04-25 | [USDINR Indian rupee below Rs70 per dollar on oil](https://feedsoft.ai/events/59888-usdinr-indian-rupee-below-rs70-per-dollar-on-oil.md) | -2.7% | -3.5% |
| BRENT | 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) | +0.7% | -4.0% |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |
| WTI | 2019-03-01 | [Rupee drops 20 paise to 70.92 vs USD amid weak GDP, rising crude](https://feedsoft.ai/events/60390-rupee-drops-20-paise-to-70-92-vs-usd-amid-weak-gdp-rising-crude.md) | -1.0% | +3.6% |
| WTI | 2023-07-26 | [Rupee falls 13 paise to close at 82.01 against US dollar](https://feedsoft.ai/events/35320-rupee-falls-13-paise-to-close-at-82-01-against-us-dollar.md) | +2.1% | +0.7% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis/articleshow/89804664.cms

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