# Rupee depreciation could aggravate the current slowdown - The HinduBusinessLine

> The rupee depreciated sharply in August, falling from 68.9 to beyond 72 per dollar, as foreign portfolio investors pulled out. Analysts argue that currency weakness offsets the benefit of lower crude oil import costs and slowing domestic demand.

- Date: 2019-10-21 · published 2019-10-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/56846-rupee-depreciation-could-aggravate-the-current-slowdown-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Persistent rupee weakness raises the cost of imported feed ingredients and fertilizer for Indian livestock and poultry producers, though lower crude prices partly offset it.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article29763375.ece

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