# Indian rupee falls nearly 3% YTD in 2020; check how it will fare against US dollar in 2021 - Market News | The Financial Express

> The rupee has depreciated about 2.8% against the dollar in 2020 to around 73.30, despite record foreign institutional inflows into Indian equities. It hit a record low of 76.92 in April.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/49936-indian-rupee-falls-nearly-3-ytd-in-2020-check-how-it-will-fare-against-us
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Year-to-date rupee weakness, driven by safe-haven dollar demand, keeps Indian import costs elevated and supports exporters.

## Read by commodity

- USDINR: bullish ▲

## Sources

- prelaunch.financialexpress.com: https://prelaunch.financialexpress.com/market/indian-rupee-falls-nearly-3-ytd-in-2020-check-how-it-will-fare-against-us-dollar-in-2021-2160706/

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