# USDINR Indian rupee below Rs70 per dollar on oil

> The rupee weakened below 70 per dollar as Brent touched $75.50 for the first time since October 31 after the US ended sanctions waivers on Iranian oil buyers. The dollar index broke out of its prior range, adding pressure. Analysts noted the RBI had cut rates twice this year, which adds to the rupee's vulnerability.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/59888-usdinr-indian-rupee-below-rs70-per-dollar-on-oil
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A combination of higher oil, a stronger dollar and a dovish central bank raises India's import costs and keeps emerging-market currency pressure elevated.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-07-01 | [Indian rupee breaks 69 vs dollar for first time; down over 8% in 2018](https://feedsoft.ai/events/64796-indian-rupee-breaks-69-vs-dollar-for-first-time-down-over-8-in-2018.md) | -3.1% | -4.9% |
| 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 | 2022-02-24 | [Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India](https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india.md) | +18.2% | +27.0% |
| BRENT | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | -9.3% | -6.9% |
| BRENT | 2026-05-01 | [Rupee's slide to record low puts Indian central bank back on the defensive](https://feedsoft.ai/events/20006-rupee-s-slide-to-record-low-puts-indian-central-bank-back-on-the-defensive.md) | -15.2% | -22.3% |
| DXY | 2022-08-29 | [Why rupee touched an all time low of 80.13 to the US dollar today - Times of India](https://feedsoft.ai/events/40318-why-rupee-touched-an-all-time-low-of-80-13-to-the-us-dollar-today-times-of-india.md) | +0.6% | +4.4% |
| DXY | 2022-08-08 | [Indian rupee weakens on Fed rate hike bets, dollar demand from importers \| Reuters](https://feedsoft.ai/events/40317-indian-rupee-weakens-on-fed-rate-hike-bets-dollar-demand-from-importers-reuters.md) | -1.1% | +1.2% |
| DXY | 2019-08-26 | [Rupee crashes below 72 mark against dollar on currency rout](https://feedsoft.ai/events/57851-rupee-crashes-below-72-mark-against-dollar-on-currency-rout.md) | +0.7% | -0.0% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/usdinr-indian-rupee-below-rs70-per-dollar-on-oil/

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