# Rupee: For Asia’s only losing EM currency, the future looks even bleaker - The Economic Times

> The rupee has fallen to about 72.24 per dollar, close to a nine-month low, and is the only losing emerging Asian currency this quarter. Pressure comes from rising public debt, a credit crunch at shadow banks and a Moody's outlook cut, with India's growth expected to slow to a six-year low.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/56364-rupee-for-asia-s-only-losing-em-currency-the-future-looks-even-bleaker-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee alongside slowing Indian growth points to softer demand for imported feed ingredients and a higher rupee cost of dollar-priced imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/forex/for-asias-only-losing-em-currency-the-future-looks-even-bleaker/articleshow/72220041.cms

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