# Rupee slips 7 paise to end at 74.51 against USD

> The rupee weakened 7 paise to close at 74.51 against the dollar on January 20 as foreign fund outflows and rising crude prices hurt sentiment. Brent crude rose 0.44% to $88.11 a barrel.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/43421-rupee-slips-7-paise-to-end-at-74-51-against-usd
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rupee weakness alongside higher crude raises the rupee cost of dollar-priced feed imports for India, a routine daily move with limited global price impact.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Sources

- archive.siasat.com: https://archive.siasat.com/news/rupee-slips-7-paise-to-end-at-74-51-against-usd-2261557/

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