# Why Rupee Breached 70 Levels Against USD This Week? | Investing.com India

> The rupee breached 70 per dollar in mid-May, moving from 69.16 on May 6 to 70.16 on May 17. Drivers cited were a wider trade deficit, Brent crude rising above $73 on Middle East tensions and US sanctions on Iran, and a stronger US dollar index.

- Date: 2019-05-17 · published 2019-05-17T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/59360-why-rupee-breached-70-levels-against-usd-this-week-investing-com-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude prices raise India's import bill and feed-input costs, while a firmer dollar makes dollar-denominated feed imports more expensive for Indian buyers. The impact on global grain prices is modest.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-04-26 | [Dealers see rupee breaching the 67 level. Here's why](https://feedsoft.ai/events/65793-dealers-see-rupee-breaching-the-67-level-here-s-why.md) | -0.9% | +7.2% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |
| BRENT | 2026-04-29 | [EUR/USD Holds Gains but Rate Expectations Leave Outlook Uncertain \| Investing.com](https://feedsoft.ai/events/19945-eur-usd-holds-gains-but-rate-expectations-leave-outlook-uncertain-investing-com.md) | -1.9% | -16.4% |
| BRENT | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -3.8% | -6.0% |
| DXY | 2022-05-09 | [Indian Rupee Plunges to All-Time Low Against USD: Factors Driving the Slump? By Investing.com](https://feedsoft.ai/events/41691-indian-rupee-plunges-to-all-time-low-against-usd-factors-driving-the-slump-by.md) | +0.8% | -1.3% |
| DXY | 2025-02-01 | [Why rupee breached 86 against US dollar: strengthening dollar, weak FII inflows](https://feedsoft.ai/events/26786-why-rupee-breached-86-against-us-dollar-strengthening-dollar-weak-fii-inflows.md) | -0.0% | -0.6% |
| DXY | 2026-06-29 | [FX Outlook: A Busy Week Ahead \| Investing.com UK](https://feedsoft.ai/events/19033-fx-outlook-a-busy-week-ahead-investing-com-uk.md) | -0.0% | -0.1% |

## Sources

- in.investing.com: https://in.investing.com/analysis/why-rupee-breached-70-levels-against-usd-this-week-200209323

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