# Rupee down 7 paise to end at 71.33  - The HinduBusinessLine

> The rupee weakened 7 paise to settle at 71.33 against the dollar on January 24. Dollar demand from importers offset a correction in crude oil prices linked to the coronavirus outbreak in China.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55367-rupee-down-7-paise-to-end-at-71-33-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices ease India's import bill, but importer dollar demand keeps the rupee under pressure, which affects the local cost of imported feed.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-03 | [Rupee drops by 6 paise to end at 71.38 on forex outflows](https://feedsoft.ai/events/54865-rupee-drops-by-6-paise-to-end-at-71-38-on-forex-outflows.md) | -6.0% | -12.2% |
| BRENT | 2021-11-03 | [Rupee rises by 22 paise to nearly 1-month high on FPI flows \| Business](https://feedsoft.ai/events/44323-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows-business.md) | +0.1% | -16.4% |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |
| BRENT | 2019-09-18 | [Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices - India Today](https://feedsoft.ai/events/57383-rupee-stems-losses-rallies-54-paise-to-71-24-vs-usd-on-easing-oil-prices-india.md) | -2.2% | -9.4% |
| BRENT | 2026-06-24 | [G-Secs rally on RBI Governor’s rate hike comments; Brent crude oil price fall also lends support - The HinduBusinessLine](https://feedsoft.ai/events/19088-g-secs-rally-on-rbi-governor-s-rate-hike-comments-brent-crude-oil-price-fall.md) | -3.3% | +13.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/re-slips-5-paise-to-7131-against-the-dollar-in-early-trade/article30640700.ece

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