# Rupee at 74.98 against USD, bond mkt shrugs off Moody's outlook upgrade | Money & Forex Markets - Business Standard

> The rupee closed at 74.98 per dollar, close to the psychological 75 level, and the Reserve Bank of India intervened to prevent a breach. Ten-year bond yields rose to 6.28%, their highest since April 2020, despite Moody's outlook upgrade. The dollar index crossed 94 as rising oil prices and expected central bank policy tightening weighed on sentiment.

- Date: 2021-10-06 · published 2021-10-06T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44866-rupee-at-74-98-against-usd-bond-mkt-shrugs-off-moody-s-outlook-upgrade-money
- 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 and higher oil prices raise India's cost of dollar-priced feed and energy imports. Central bank support may limit further depreciation.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-03 | [Rupee ends 4-day winning run, drops 88p at 70.46 per dollar on oil price \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/61852-rupee-ends-4-day-winning-run-drops-88p-at-70-46-per-dollar-on-oil-price-money.md) | +6.0% | -10.4% |
| BRENT | 2021-01-04 | [Fitch Solutions revises forecast, says Indian rupee to trade weaker in 2021 \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/49441-fitch-solutions-revises-forecast-says-indian-rupee-to-trade-weaker-in-2021.md) | +8.2% | +7.9% |
| BRENT | 2026-04-30 | [Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7% \| Markets News - Business Standard](https://feedsoft.ai/events/20011-rupee-hits-fresh-low-past-95-as-oil-surge-pushes-bond-yields-above-7-markets.md) | -15.3% | -21.9% |
| BRENT | 2022-01-27 | [Bond yields rise, rupee falls on US Federal Reserve policy and crude prices \| News on Markets - Business Standard](https://feedsoft.ai/events/43416-bond-yields-rise-rupee-falls-on-us-federal-reserve-policy-and-crude-prices-news.md) | -0.2% | +8.2% |
| BRENT | 2018-06-28 | [Rupee may fall beyond 71 a dollar by next year on rising oil: DBS Group \| News on Markets - Business Standard](https://feedsoft.ai/events/64792-rupee-may-fall-beyond-71-a-dollar-by-next-year-on-rising-oil-dbs-group-news-on.md) | +0.7% | -4.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-touches-75-against-usd-bond-mkt-shrugs-off-moody-s-outlook-upgrade-121100601206_1.html

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