# Rupee opens 20 paise higher against US dollar as crude oil tumbles | News on Markets - Business Standard

> Crude oil prices slipped to multi-month lows on recession fears, and the rupee opened 20 paise higher at 69.50 per dollar. The rupee had snapped a three-session losing streak on Friday, settling at 69.70. India's GDP growth for the March quarter slowed to 5.8%, the weakest in more than four years.

- Date: 2019-06-03 · published 2019-06-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/58897-rupee-opens-20-paise-higher-against-us-dollar-as-crude-oil-tumbles-news-on
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Falling crude lowers India's import costs and eases pressure on the rupee, while weaker growth raises expectations of RBI easing that could support domestic livestock feed demand.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/rupee-opens-20-paise-higher-against-us-dollar-as-crude-oil-tumbles-119060300170_1.html

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