# Rupee plunges by 22 paise to 3-week low against U.S. dollar on coronavirus fears  - The Hindu

> The Indian rupee fell 22 paise to close at a three-week low of 71.49 against the US dollar on January 30. The move followed heavy domestic equity selling, Fed policy holding rates steady, and concern about coronavirus, with a first positive case reported in Kerala.

- Date: 2020-01-30 · published 2020-01-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55366-rupee-plunges-by-22-paise-to-3-week-low-against-u-s-dollar-on-coronavirus-fears
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the rupee cost of imported feed ingredients and energy for Indian buyers, while coronavirus-driven risk-off sentiment pressures emerging-market currencies.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-plunges-by-22-paise-to-3-week-low-against-us-dollar-on-coronavirus-fears/article30693543.ece

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