# Corona carnage: Indian rupee hits six-month low, to remain under pressure

> The rupee slid to a six-month low of 72.27 per dollar on Friday and closed at 72.17. Foreign investors sold heavily in Indian equities and bonds as coronavirus spread outside China. The Sensex had its second-biggest one-day fall in history.

- Date: 2020-02-29 · published 2020-02-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/54860-corona-carnage-indian-rupee-hits-six-month-low-to-remain-under-pressure
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Foreign selling and a weaker rupee add pressure on Indian import costs and dollar-priced inputs. The broader risk-off move reflects a flight to safety that can weigh on emerging-market currencies and commodities.

## Read by commodity

- USDINR: bullish ▲

## Sources

- gulfnews.com: https://gulfnews.com/business/banking/corona-carnage-indian-rupee-hits-six-month-low-to-remain-under-pressure-1.70048167

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