# Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices - India Today

> The rupee rebounded 54 paise to 71.24 against the dollar as crude prices slid after Saudi Arabia's energy minister said production at the drone-hit plant would be fully restored by month-end. Foreign fund outflows limited the gains. The article describes the rupee's move on September 18, 2019.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57383-rupee-stems-losses-rallies-54-paise-to-71-24-vs-usd-on-easing-oil-prices-india
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Expectations of a quick restoration of Saudi output lowered the crude risk premium, which eased pressure on oil-importing currencies and inflation. Lower energy costs support feed-input margins if the trend holds.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2021-07-21 | [RBI Intervention And Sharply Lower Oil Prices Halted The Rapid Rise In USD/INR \| Investing.com India](https://feedsoft.ai/events/46346-rbi-intervention-and-sharply-lower-oil-prices-halted-the-rapid-rise-in-usd-inr.md) | +7.2% | -0.7% |
| BRENT | 2025-09-30 | [Oil Prices Extend Losses On Growing Oversupply Fears](https://feedsoft.ai/events/23040-oil-prices-extend-losses-on-growing-oversupply-fears.md) | -3.2% | -4.3% |
| BRENT | 2026-05-29 | [BRL Strengthens Slightly on Strong GDP and Easing Oil Prices](https://feedsoft.ai/events/19461-brl-strengthens-slightly-on-strong-gdp-and-easing-oil-prices.md) | +2.5% | -21.2% |

## Sources

- indiatoday.in: https://www.indiatoday.in/business/story/rupee-stems-losses-indian-rupee-value-crude-oil-prices-1600557-2019-09-18

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