# Rupee opens 3 paise down at 70.77 against dollar - The Economic Times

> The rupee opened 3 paise lower at 70.77 per dollar on March 1 after India's GDP growth slowed to a five-quarter low of 6.6%. The dollar rose against major currencies after stronger-than-expected US GDP data.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60392-rupee-opens-3-paise-down-at-70-77-against-dollar-the-economic-times
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slower Indian growth and a firmer dollar weigh on the rupee, which raises the local cost of imported feed. The effect on global grain and oilseed prices is small.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-20 | [Indian rupee faces rout over acute shortage of dollar - The Economic Times](https://feedsoft.ai/events/36228-indian-rupee-faces-rout-over-acute-shortage-of-dollar-the-economic-times.md) | +0.7% | -0.7% |
| DXY | 2025-10-31 | [Rupee ends flat at 88.69 against U.S. dollar - The Hindu](https://feedsoft.ai/events/22691-rupee-ends-flat-at-88-69-against-u-s-dollar-the-hindu.md) | +0.3% | -0.2% |
| DXY | 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) | -0.8% | -0.9% |
| DXY | 2017-11-16 | [Rupee surrenders gains on strong dollar demand; down 11 paise](https://feedsoft.ai/events/68263-rupee-surrenders-gains-on-strong-dollar-demand-down-11-paise.md) | -0.8% | -0.4% |
| DXY | 2018-07-19 | [Rupee Suffers 43 Paise Knock to Close at Lifetime Low of 69.05 Against Dollar \| India.com](https://feedsoft.ai/events/64320-rupee-suffers-43-paise-knock-to-close-at-lifetime-low-of-69-05-against-dollar.md) | -0.4% | +1.6% |

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/forex/rupee-opens-3-paise-down-at-70-77-against-dollar/articleshow/68212838.cms

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