# Rupee Slumps 87 Paise To Close At 73.38 Against US Dollar | Outlook India

> The rupee closed 87 paise weaker at 73.38 per dollar on March 30, as rising crude oil prices and a strong US currency weighed on sentiment. The dollar index rose 0.20% to 93.12 amid a surge in US Treasury yields tied to vaccine rollout and stimulus expectations.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/48399-rupee-slumps-87-paise-to-close-at-73-38-against-us-dollar-outlook-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher crude prices raise India's import bill and add pressure on the rupee, which can lift the cost of imported oil-linked inputs. The currency move is driven by oil and US yields rather than a change in feed supply.

## Read by commodity

- USDINR: bullish ▲

## Sources

- outlookindia.com: https://www.outlookindia.com/business/business-news-rupee-lowers-87-paise-to-end-at-7338-against-us-dollar-news-378722

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