# India: Rupee to soften after RBI unscheduled cut - TDS - Forex Crunch

> The Reserve Bank of India cut its repo rate by 40 basis points to 4% in an unscheduled move on May 22, citing a sharp slowdown and an extended lockdown. The rupee traded near 75.78 and analysts expect it to underperform in the coming weeks.

- Date: 2020-05-22 · published 2020-05-22T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/53408-india-rupee-to-soften-after-rbi-unscheduled-cut-tds-forex-crunch
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Easier monetary policy and expected rupee weakness raise the rupee cost of dollar-priced feed imports, while a weaker economy dampens domestic feed demand.

## Read by commodity

- USDINR: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/05/22/india-rupee-to-soften-after-rbi-unscheduled-cut-tds/

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