# Rupee slips 6 paise to 70.90 ahead of U.S. Fed policy outcome

> The rupee settled 6 paise lower at 70.90 against the dollar ahead of the Fed policy decision, after touching a low of 71.03. Brent crude declined slightly to $61.54 a barrel and foreign investors bought equities.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/56843-rupee-slips-6-paise-to-70-90-ahead-of-u-s-fed-policy-outcome
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Currency moves in the rupee affect the landed cost of imported feed ingredients for Indian buyers, and crude prices feed into freight and processing costs.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-slips-6-paise-to-7090-ahead-of-us-fed-policy-outcome/article29834245.ece

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