# As RBI continues to buy dollars, rupee falls even as most Asian currencies rise - The HinduBusinessLine

> The Indian rupee has lost 3.59% against the dollar in 2020, the worst performance among Asian currencies, even as most regional currencies rallied after the US dollar weakened. The Reserve Bank of India's dollar purchases appear to be the main reason, despite strong foreign portfolio and direct investment inflows.

- Date: 2020-11-29 · published 2020-11-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/50431-as-rbi-continues-to-buy-dollars-rupee-falls-even-as-most-asian-currencies-rise
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued RBI dollar buying keeps USD/INR supported, which raises the rupee cost of dollar-priced feed imports such as soymeal and corn.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/todays-paper/article33208868.ece

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