# Rupee retreats 31 paise to 70.87 against dollar amid foreign fund outflows; Sino-US trade concerns continue to linger – Firstpost

> The rupee closed down 31 paise at 70.87 against the dollar on September 30, 2019, as foreign fund outflows and global risk aversion over US-China trade concerns weighed on the currency. Crude oil prices eased on the day, and the RBI capped early gains. US-China trade talks were scheduled to resume on October 10.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57381-rupee-retreats-31-paise-to-70-87-against-dollar-amid-foreign-fund-outflows-sino
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency moves tied to Sino-US trade uncertainty affect the cost of dollar-priced imports for India and can shift global demand sentiment for commodities. The effect on grain and feed prices is indirect and modest.

## Read by commodity

- USDINR: bullish ▲

## Sources

- firstpost.com: https://www.firstpost.com/business/rupee-retreats-31-paise-to-70-87-against-dollar-amid-foreign-fund-outflows-sino-us-trade-concerns-continue-to-linger-7427631.html

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