# Indian rupee at 3-week low on US dollar rally; central bank buying suspected

> The Indian rupee weakened to a three-week low of 73.19 per dollar on March 30, tracking a stronger dollar that rallied against the yen and other emerging-market currencies. Traders suspected the central bank bought dollars through state-run banks to absorb portfolio inflows.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/48398-indian-rupee-at-3-week-low-on-us-dollar-rally-central-bank-buying-suspected
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the rupee cost of dollar-priced imports for India, a marginal price pressure for feed importers. The move mainly reflects currency flows rather than a change in the underlying commodity balance.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/indian-rupee-at-3-week-low-on-us-dollar-rally-central-bank-buying-suspected/articleshow/81757046.cms

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