# Re slips 8p to 75.17 on Omicron fears - The Times of India

> The rupee weakened for a fourth straight session, closing at 75.17 per dollar, and lost 77 paise over four days. Markets were jittery after reports of a new coronavirus strain in Africa, and equities fell sharply. Goldman Sachs forecast the rupee at 72 in 12 months.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44319-re-slips-8p-to-75-17-on-omicron-fears-the-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency weakness in India raises the cost of imported feed inputs and can curb import demand. Renewed Omicron fears also point to softer energy demand.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/re-slips-8p-to-75-17-on-omicron-fears/articleshow/88017332.cms

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