# Rupee ends 2019 with 2.28% annual loss at 71.36 against US dollar  - The Hindu

> The rupee closed 2019 at 71.36 per US dollar, down 5 paise on the day and 2.28% for the year. Losses were attributed to trade war concerns, a rebound in crude oil prices and higher import bills, with gold imports also cited.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55853-rupee-ends-2019-with-2-28-annual-loss-at-71-36-against-us-dollar-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of imported feed inputs and soymeal for Indian buyers, while a firmer dollar can soften US export prices in dollar terms.

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-ends-2019-with-228-pc-annual-loss-at-7136-against-us-dollar/article30443734.ece

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