# Rupee settles 9 paise lower at 75.60 against US dollar

> The rupee settled 9 paise lower at 75.60 per dollar on Wednesday as rising COVID-19 cases and foreign fund outflows weighed on sentiment. Forex traders described very lacklustre trading with no clear direction.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/52387-rupee-settles-9-paise-lower-at-75-60-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the landed cost of imported feed ingredients and vegetable oils for Indian buyers, though moves were small and routine.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-settles-9-paise-lower-at-7560-against-us-dollar/article31961543.ece

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