# Rupee plunges against US dollar amid spike in crude prices  - The Hindu

> The rupee plunged 42 paise to settle at 71.80 against the dollar on January 3, its biggest one-day loss in over a month. The move followed a US strike that killed Iranian commander Qasem Soleimani, which lifted Brent 4.24% to $69.06 a barrel.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/55369-rupee-plunges-against-us-dollar-amid-spike-in-crude-prices-the-hindu
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The Middle East escalation pushed crude sharply higher, raising energy and freight costs and pressuring import-dependent Asian currencies such as the rupee.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-09 | [Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass $100 mark - The Hindu](https://feedsoft.ai/events/17749-rupee-plunges-34-paise-to-95-08-against-dollar-as-crude-prices-surpass-100-mark.md) | +10.8% | +4.6% |
| BRENT | 2020-01-20 | [Rupee slips 4 paise to 71.12 against US dollar amid rising crude prices  - The HinduBusinessLine](https://feedsoft.ai/events/55371-rupee-slips-4-paise-to-71-12-against-us-dollar-amid-rising-crude-prices-the.md) | -6.9% | -11.0% |
| BRENT | 2022-03-30 | [Rupee skids 21 paise to 75.94 against USD as crude oil spikes](https://feedsoft.ai/events/42545-rupee-skids-21-paise-to-75-94-against-usd-as-crude-oil-spikes.md) | -4.4% | -6.5% |
| BRENT | 2020-01-03 | [Rupee today falls sharply against the US dollar: 5 things to know](https://feedsoft.ai/events/55370-rupee-today-falls-sharply-against-the-us-dollar-5-things-to-know.md) | -1.0% | -13.0% |
| BRENT | 2026-01-27 | [Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks](https://feedsoft.ai/events/21231-crude-prices-jump-to-a-3-month-high-on-dollar-weakness-and-iran-risks.md) | +0.6% | +7.6% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-plunges-against-us-dollar-amid-spike-in-crude-prices/article30471411.ece

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