# India rupee sees worst week in seven on new variant - Markets - Business Recorder

> The Indian rupee had its worst week in seven, closing at 74.87 per dollar as concerns over a new COVID variant hit global markets. Asian emerging-market shares and currencies fell as investors moved to safe-haven assets such as the dollar. Indian shares dropped nearly 3%.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44318-india-rupee-sees-worst-week-in-seven-on-new-variant-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Risk-off flows strengthen the dollar and weaken emerging-market currencies, which raises the local cost of imported feed ingredients. The demand fears from the variant also weigh on energy and commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-27 | [Indian rupee outshines peers on RBI support, importers pile in - Markets - Business Recorder](https://feedsoft.ai/events/22695-indian-rupee-outshines-peers-on-rbi-support-importers-pile-in-markets-business.md) | +0.4% | +0.8% |
| DXY | 2024-04-26 | [Indian rupee to see muted reaction to US inflation flare-up - Markets - Business Recorder](https://feedsoft.ai/events/31014-indian-rupee-to-see-muted-reaction-to-us-inflation-flare-up-markets-business.md) | -0.3% | -0.9% |
| DXY | 2024-01-31 | [Indian rupee to weaken as odds of Fed rate cut in March diminish - Markets - Business Recorder](https://feedsoft.ai/events/32382-indian-rupee-to-weaken-as-odds-of-fed-rate-cut-in-march-diminish-markets.md) | +0.3% | +0.4% |
| DXY | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | +0.4% | +0.4% |
| DXY | 2023-06-30 | [Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/35782-indian-rupee-to-struggle-on-more-fed-rate-hike-bets-us-yields-surge-markets.md) | -0.4% | -1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40136092

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