# Rupee settles 64 paise lower at 75.73 against US dollar

> The Indian rupee settled 64 paise lower at 75.73 against the US dollar, weighed by a heavy selloff in domestic equities and a stronger greenback. The dollar index rose 0.27% to 99.35 and rising coronavirus cases added pressure.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/53405-rupee-settles-64-paise-lower-at-75-73-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of dollar-denominated feed ingredient imports, supporting Indian feed input costs.

## Read by commodity

- USDINR: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/forex/rupee-settles-64-paise-lower-at-75-73-against-us-dollar/articleshow/75531919.cms

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