# Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu

> The rupee fell 20 paise to close at 74.99 per dollar, its worst weekly loss since April, as crude oil and the dollar index rose. The Reserve Bank of India kept its repo rate at 4% with an accommodative stance and suspended its bond-buying quantitative easing programme.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The RBI's suspension of bond purchases and the rupee's weakness raise India's cost of dollar-priced imports. Higher crude prices add to the pressure on feed and freight costs.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2019-02-13 | [Rupee snaps 6-day rise, settles 10 paise down at 70.80 against U.S. dollar](https://feedsoft.ai/events/60869-rupee-snaps-6-day-rise-settles-10-paise-down-at-70-80-against-u-s-dollar.md) | +5.8% | +5.6% |
| BRENT | 2023-08-01 | [Rupee falls 31 paise to 82.23 against the US dollar in early trade](https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade.md) | +0.6% | -0.6% |
| BRENT | 2026-08-31 | [Rupee weakens 11 paise to 95.49 against dollar: What’s weighing on the currency - CNBC TV18](https://feedsoft.ai/events/18177-rupee-weakens-11-paise-to-95-49-against-dollar-what-s-weighing-on-the-currency.md) | +10.1% | +24.2% |
| BRENT | 2018-11-01 | [Rupee closes at fresh record low against dollar](https://feedsoft.ai/events/62809-rupee-closes-at-fresh-record-low-against-dollar.md) | -5.4% | -22.3% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-slumps-20-paise-to-close-at-7499-against-us-dollar/article36895580.ece

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