# Rupee crashes below 72 mark against dollar on currency rout

> The rupee closed below 72 per dollar for the first time in nine months at 72.02, the weakest close since November 2018, after a flash crash in global currencies following the weekend escalation in the US-China trade dispute. Equities rose on stimulus measures and officials on both sides signaled willingness to negotiate.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57851-rupee-crashes-below-72-mark-against-dollar-on-currency-rout
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency volatility tied to the trade war raises import costs for Indian buyers of feed ingredients and can shift global dollar-denominated commodity flows, though the moves were partly reversed by de-escalation signals.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2026-08-01 | [Dollar edges up against dong on black market](https://feedsoft.ai/events/18660-dollar-edges-up-against-dong-on-black-market.md) | -0.5% | -0.8% |
| DXY | 2018-08-13 | [Broad basket of currencies losing ground against dollar](https://feedsoft.ai/events/9470-broad-basket-of-currencies-losing-ground-against-dollar.md) | +0.2% | +0.3% |
| DXY | 2022-09-28 | [Chinese yuan: Currency hits record lows against US dollar - BBC News](https://feedsoft.ai/events/7208-chinese-yuan-currency-hits-record-lows-against-us-dollar-bbc-news.md) | -1.8% | -1.5% |
| DXY | 2020-03-24 | [US dollar to test 105 against basket of currencies, says analyst](https://feedsoft.ai/events/6585-us-dollar-to-test-105-against-basket-of-currencies-says-analyst.md) | -2.3% | -2.4% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-crashes-below-72-mark-against-dollar-on-currency-rout/article29261167.ece

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