# Indian rupee heads for new lows this year as trade deficit widens | The National

> The Indian rupee is heading for new lows for the year as the trade deficit widens. The page text is mostly site navigation with little article content.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/46343-indian-rupee-heads-for-new-lows-this-year-as-trade-deficit-widens-the-national
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A widening trade deficit and weaker rupee raise the cost of imported feed ingredients for India, supporting higher domestic prices for soymeal and other protein inputs.

## Read by commodity

- SBM: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-12-26 | [Stong start for wheat following the long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news.md) | -1.8% | -8.4% |
| SBM | 2026-10-29 | [The dollar continues to rise but is at its lowest level in 10 years · SondeAR](https://feedsoft.ai/events/17345-the-dollar-continues-to-rise-but-is-at-its-lowest-level-in-10-years-sondear.md) | -3.3% | — |
| SBM | 2021-06-10 | [In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets](https://feedsoft.ai/events/46619-in-the-eye-of-the-storm-how-the-oilseeds-market-emerged-as-the-global-driver-of.md) | -2.1% | -6.2% |
| SBM | 2017-09-29 | [Rupiah Hits 10-month Low Against U.S Dollar - The Insiders Stories](https://feedsoft.ai/events/69265-rupiah-hits-10-month-low-against-u-s-dollar-the-insiders-stories.md) | +2.0% | +1.7% |
| SBM | 2022-06-29 | [Three Signs Show That Argentina Is Heading to a Devaluation - Bloomberg](https://feedsoft.ai/events/41226-three-signs-show-that-argentina-is-heading-to-a-devaluation-bloomberg.md) | -1.1% | +3.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/2021/07/12/indian-rupee-heads-for-new-lows-this-year-as-trade-deficit-widens/

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