# Rupee slips 62 paise to two-month low

> The rupee fell 62 paise, or 0.9%, to close at 72.09 per dollar, its weakest close since early September. Speculative long positions were unwound after weak industrial output data and a Moody's outlook revision, and the central bank was absent from the market.

- Date: 2019-11-13 · published 2019-11-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/56367-rupee-slips-62-paise-to-two-month-low
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Weak macro data and the absence of central bank support raise the rupee cost of dollar-priced feed imports, which squeezes Indian buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/rupee-slips-62-paise-to-two-month-low/article29965521.ece

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