# Rupee declines most in Asia as Moody’s cuts India rating outlook | Business News

> Moody's lowered India's sovereign rating outlook to negative, citing deeper and longer growth weakness, and the rupee fell the most in Asia. Investors have doubted the government can meet its budget targets after a slowdown in tax revenue and a $20 billion corporate tax cut.

- Date: 2019-11-08 · published 2019-11-08T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/56370-rupee-declines-most-in-asia-as-moody-s-cuts-india-rating-outlook-business-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A sovereign outlook downgrade raises risk premia on the rupee and can slow capital inflows, which pushes up the rupee cost of dollar-priced feed imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/rupee-declines-most-in-asia-as-moody-s-cuts-india-rating-outlook/story-eMXhFINsStPSHKIEC7DGbI.html

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