# Rupee Against Dollar: Rupee falls 23 paise to close below 74-level against US dollar, ETAuto

> The rupee closed at 74.06 per dollar, down 23 paise, as weaker Asian currencies and heavy domestic equity sell-offs weighed on sentiment. Rising crude prices added pressure, with Brent up 0.89% to $80.24 a barrel. Bond yields rose ahead of Federal Reserve Chair Powell's testimony.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/45341-rupee-against-dollar-rupee-falls-23-paise-to-close-below-74-level-against-us
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil prices and a weaker rupee raise the cost of imported feed and energy for India. Both pressures point to somewhat higher landed feed costs in the near term.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Sources

- auto.economictimes.indiatimes.com: https://auto.economictimes.indiatimes.com/news/industry/rupee-falls-23-paise-to-close-below-74-level-against-us-dollar/86589433

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