# Rupee ends almost flat against US dollar

> The rupee closed almost flat at 70.92 against the US dollar after paring early gains, as importers and banks bought dollars. Crude prices rising and month-end dollar demand from oil importers weighed on the currency.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/56839-rupee-ends-almost-flat-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee raises the cost of imported inputs for Indian feed makers, while higher crude prices feed through to freight and energy costs for feed ingredients.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/rupee-ends-almost-flat-against-us-dollar-119103101236_1.html

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