# Explained: How COVID-19 is hurting the rupee’s exchange rate with other currencies | Explained News - The Indian Express

> An explainer on how COVID-19 has weakened the rupee's nominal effective exchange rate against the currencies of 36 trading partners. It uses the exchange rate as a gauge of India's economic competitiveness relative to other economies.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/53925-explained-how-covid-19-is-hurting-the-rupee-s-exchange-rate-with-other
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the dollar cost of imports and makes India's exports cheaper abroad. This keeps USD/INR under upward pressure, which matters for buyers of dollar-priced feed ingredients sourced into India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- indianexpress.com: https://indianexpress.com/article/explained/how-covid-19-is-hurting-the-rupees-exchange-rate-with-other-currencies-6371536/

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