# Rupee set for worst monthly loss in 6 years, experts warn of growth slowdown | Business News

> The Indian rupee is on track for its worst monthly loss in six years as domestic growth slows, foreign investors pull money from local equities, and the currency increasingly tracks the yuan amid the US-China trade war. JP Morgan expects the rupee to approach its record low by year-end, while Nomura forecasts 72.5 per dollar.

- Date: 2019-08-28 · published 2019-08-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57850-rupee-set-for-worst-monthly-loss-in-6-years-experts-warn-of-growth-slowdown
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee lowers India's effective import costs for feed inputs and raises export competitiveness for Indian meal, but it reflects broader risk aversion that can pressure dollar-denominated feed commodity demand from India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/rupee-set-for-worst-monthly-loss-in-6-years-experts-warn-of-growth-slowdown/story-wl07DmeGOAGNzRB2JVDMjP.html

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