# Rupee sinks 105p, worst fall since March - Times of India

> The rupee fell 105 paise to close at 73.47 per dollar on February 26, its biggest single-day drop since the March 2020 pandemic crash. The fall came alongside an equity selloff and a surge in US bond yields as global markets turned risk-averse.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/48920-rupee-sinks-105p-worst-fall-since-march-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises India's crude import bill and imported inflation pressure, and it can push Indian buyers to pay more for dollar-priced feed inputs. The yield-driven outflow risk could keep the rupee under pressure.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-sinks-105p-worst-fall-since-march/articleshow/81236023.cms

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