# Rupee Vs Dollar: turmoil in both global equity and currency markets | VARINDIA

> The rupee weakened to around 71.95 per dollar in early trade on rising crude prices and foreign fund outflows. India's exports fell for the first time in nine months in June, partly due to the US-China trade war, and Brent crude slipped to about $60.11.

- Date: 2019-08-31 · published 2019-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/57858-rupee-vs-dollar-turmoil-in-both-global-equity-and-currency-markets-varindia
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker Indian export demand and a softer rupee reflect trade-war drag on emerging Asian import demand, a modest negative for global feed ingredient demand.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | -1.5% | +2.7% |
| BRENT | 2021-11-30 | [Canadian dollar dips as Omicron variant concerns offset GDP gain - The Globe and Mail](https://feedsoft.ai/events/44264-canadian-dollar-dips-as-omicron-variant-concerns-offset-gdp-gain-the-globe-and.md) | -0.2% | +4.8% |
| BRENT | 2018-11-29 | [Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s \| News on Markets - Business Standard](https://feedsoft.ai/events/62319-rupee-closes-at-69-85-a-dollar-after-3-months-of-weak-run-in-the-70s-news-on.md) | +5.8% | -11.2% |
| BRENT | 2018-12-01 | [Indian rupee soars 77 paise, under 70 per dollar mark after 3 months](https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months.md) | +6.0% | -10.4% |
| BRENT | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | -1.2% | -25.9% |

## Sources

- varindia.com: https://www.varindia.com/news/rupee-vs-dollar-turmoil-in-both-global-equity-and-currency-markets

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