# Rupee settles the day on steady note, logs over 9% drop in FY'20 - Times of India

> The rupee closed flat at 75.60 per dollar on March 31 but lost 9.36% over fiscal 2019-20, its sharpest annual fall in the period covered. Covid-19 sentiment and the US-China trade war weighed on it.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/54395-rupee-settles-the-day-on-steady-note-logs-over-9-drop-in-fy-20-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The weaker currency raises India's dollar import costs, though lower crude prices limited the decline.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/rupee-settles-the-day-on-steady-note-logs-over-9-drop-in-fy20/articleshow/74917254.cms

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