# Data | Why is the Indian rupee weakening - The Hindu

> The Indian rupee slid past 76 per US dollar on December 16 for the first time since June 2020, reaching 76.25. The fall followed a record trade deficit of $22.9 billion in November and a third straight month of foreign portfolio outflows. The rupee was down 3.7% year to date, a smaller decline than several other emerging-market currencies.

- Date: 2021-12-26 · published 2021-12-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43893-data-why-is-the-indian-rupee-weakening-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of dollar-priced imports, including feed ingredients and vegetable oils, while the trade gap adds pressure on the currency. Import costs for Indian feed buyers are likely to rise.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/data/data-why-is-the-indian-rupee-weakening/article38031477.ece

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