# USD/INR: India Rupee Under Pressure On GDP Downgrades - Currency Live

> The rupee weakened against the dollar as State Bank of India Research forecast a 40% GDP contraction in the June quarter and Fitch cut its FY21 GDP outlook to -5%. US-China tensions over Hong Kong also boosted safe-haven dollar demand.

- Date: 2020-05-27 · published 2020-05-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/53406-usd-inr-india-rupee-under-pressure-on-gdp-downgrades-currency-live
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weak growth and risk-off flows pressure the rupee, which raises India's import costs for dollar-priced feed ingredients.

## Read by commodity

- USDINR: bullish ▲

## Sources

- currencylive.com: https://currencylive.com/news/103289-usd-inr-india-rupee-under-pressure-on-gdp-downgrades/

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