# Rupee today falls sharply against the US dollar: 5 things to know

> The rupee fell to 71.77 at its daily low on January 3 after a Soleimani airstrike in Baghdad lifted oil prices about 4%. Most emerging Asian currencies weakened and the Sensex fell about 150 points.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/55370-rupee-today-falls-sharply-against-the-us-dollar-5-things-to-know
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Oil price spikes raise India's import costs, since the country meets about 80% of its oil needs through imports, which weighs on the currency and local feed costs.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-01-03 | [Rupee plunges against US dollar amid spike in crude prices  - The Hindu](https://feedsoft.ai/events/55369-rupee-plunges-against-us-dollar-amid-spike-in-crude-prices-the-hindu.md) | -1.0% | -13.0% |
| 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 | 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 | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +23.1% | +23.8% |
| 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% |

## Sources

- livemint.com: https://www.livemint.com/market/stock-market-news/rupee-inr-today-falls-sharply-against-the-us-dollar-usd-5-things-to-know-11578030149766.html

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