# Rupee furthers loss by 18 paise as crude worries hurt sentiment - India Today

> The rupee lost 18 paise to settle at 71.78 against the dollar on September 17, 2019, as investors worried about higher crude prices after the Saudi drone attacks. Brent had surged nearly 20% the previous day before moderating. Analysts flagged inflation and fiscal risks for India.

- Date: 2019-09-17 · published 2019-09-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57384-rupee-furthers-loss-by-18-paise-as-crude-worries-hurt-sentiment-india-today
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Elevated crude raises India's import costs and inflation pressure, which can slow monetary easing. The effect on feed commodity prices is indirect.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-01-30 | [Crude oil prices today: WTI, Brent rise after IMF forecast](https://feedsoft.ai/events/32274-crude-oil-prices-today-wti-brent-rise-after-imf-forecast.md) | -5.5% | +0.1% |
| BRENT | 2022-02-24 | [Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India](https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india.md) | +18.2% | +27.0% |
| BRENT | 2019-09-16 | [Rupee plunges nearly 1%, RBI steps in to cut losses  - The Hindu](https://feedsoft.ai/events/57380-rupee-plunges-nearly-1-rbi-steps-in-to-cut-losses-the-hindu.md) | +6.6% | -0.3% |
| BRENT | 2018-01-16 | [Rupee sinks 55 paise to 64.04 on trade deficit concerns \| India.com](https://feedsoft.ai/events/67259-rupee-sinks-55-paise-to-64-04-on-trade-deficit-concerns-india-com.md) | -1.3% | -11.0% |
| BRENT | 2019-02-18 | [Rupee goes from first to last as oil, Kashmir puncture sentiment - Moneyweb](https://feedsoft.ai/events/60870-rupee-goes-from-first-to-last-as-oil-kashmir-puncture-sentiment-moneyweb.md) | +1.6% | +1.0% |

## Sources

- indiatoday.in: https://www.indiatoday.in/business/story/rupee-furthers-loss-crude-oil-prices-foreign-exchange-1600187-2019-09-17

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