# In tandem: Steady depreciation in rupee spells trouble for stock prices | Money & Forex Markets - Business Standard

> Analysts say steady rupee depreciation is hurting Indian equities, as a weaker currency creates an inflation overhang. The rupee closed at about 76.23 per dollar on December 15, down 0.47% on the day. Outflows linked to a wider current account deficit and Fed tapering were cited as drivers.

- Date: 2021-12-15 · published 2021-12-15T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/43898-in-tandem-steady-depreciation-in-rupee-spells-trouble-for-stock-prices-money
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee depreciation raises the cost of imported inputs and can tighten financial conditions for Indian importers. This keeps local feed costs under upward pressure.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/in-tandem-steady-depreciation-in-rupee-spells-trouble-for-stock-prices-121121600055_1.html

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