# Indian rupee hits 8-month low as virus cases skyrocket - Markets - Business Recorder

> The Indian rupee fell below 75 per dollar for the first time in eight months on April 12, 2021, as record COVID-19 cases and a possible lockdown in Maharashtra weighed on sentiment. Rising US bond yields after strong US inflation data also pressured emerging Asian currencies and equities.

- Date: 2021-04-12 · published 2021-04-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/47891-indian-rupee-hits-8-month-low-as-virus-cases-skyrocket-markets-business-recorder
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The currency move raises India's import costs in dollar terms and reflects broader EM pressure from higher US yields. Continued rupee weakness supports USDINR strength.

## Read by commodity

- USDINR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40083456

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