# Indian rupee ends at two-month low against US dollar

> The Indian rupee closed at 74.11 against the dollar, a two-month low, as domestic equities sold off and the dollar index gained. Month-end oil importer demand also supported the greenback, and Brent crude fell 1.46% to $38.55 per barrel.

- Date: 2020-11-01 · published 2020-11-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/50895-indian-rupee-ends-at-two-month-low-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupee increases the cost of imported inputs for Indian feed and oil buyers, and the lower crude price reduces energy-linked cost pressure.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bullish ▲

## Sources

- livemint.com: https://www.livemint.com/market/indian-rupee-ends-at-two-month-low-against-us-dollar-11603965829550.html

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