# Rupee settles 9 paise down at 71.12 against dollar on rise in crude oil prices, strong greenback overseas – Firstpost

> The rupee settled 9 paise lower at 71.12 per dollar as crude oil prices rose and the greenback strengthened overseas. The RBI also announced a special open market operation aimed at lowering long-term bond yields, and the rupee fell 29 paise over the week.

- Date: 2019-12-20 · published 2019-12-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/55856-rupee-settles-9-paise-down-at-71-12-against-dollar-on-rise-in-crude-oil-prices
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee weakness linked to higher crude costs raises India's import bill, which can squeeze buying power for imported feed ingredients.

## Sources

- firstpost.com: https://www.firstpost.com/business/rupee-settles-9-paise-down-at-71-12-against-dollar-on-rise-in-crude-oil-prices-strong-greenback-overseas-7808821.html

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