# Indian Rupee fall: Why the Rupee is among biggest losers over the past few weeks

> The Indian rupee hit a nine-month low of 75.4 against the dollar on April 13, 2021, losing about 4.2% over three weeks, one of the largest declines among emerging market currencies. The fall was attributed to rising COVID-19 cases, RBI's accommodative policy stance, and a planned bond-buying programme.

- Date: 2021-04-14 · published 2021-04-14T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47889-indian-rupee-fall-why-the-rupee-is-among-biggest-losers-over-the-past-few-weeks
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee weakness lifts the cost of dollar-denominated imports for India and can dampen import demand at the margin. This sustains an upward bias in USDINR.

## Read by commodity

- USDINR: bullish ▲

## Sources

- indianexpress.com: https://indianexpress.com/article/explained/why-the-rupee-is-among-biggest-losers-over-the-past-few-weeks-7272922/

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