# Rupee snaps 6-day rise, settles 10 paise down at 70.80 against U.S. dollar

> The rupee settled 10 paise weaker at 70.80 per US dollar on February 13, 2019, ending a six-day winning run. Dollar buying by oil importers and a stronger greenback against major currencies weighed on the rupee, while crude prices were rising on expected OPEC supply cuts.

- Date: 2019-02-13 · published 2019-02-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60869-rupee-snaps-6-day-rise-settles-10-paise-down-at-70-80-against-u-s-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising crude prices and a weaker rupee together increase India's import costs for energy and feed-related inputs. The effect on feed prices is modest in the short term.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |
| BRENT | 2018-08-01 | [Rupee recovers from 5-year low, up 23 paise at 68.57 against dollar](https://feedsoft.ai/events/64316-rupee-recovers-from-5-year-low-up-23-paise-at-68-57-against-dollar.md) | -1.0% | +2.3% |
| BRENT | 2023-08-01 | [Rupee falls 31 paise to 82.23 against the US dollar in early trade](https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade.md) | +0.6% | -0.6% |
| BRENT | 2018-11-01 | [Rupee closes at fresh record low against dollar](https://feedsoft.ai/events/62809-rupee-closes-at-fresh-record-low-against-dollar.md) | -5.4% | -22.3% |

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-snaps-6-day-rise-settles-10-paise-down-at-7080-against-us-dollar/article26259617.ece

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