# Rupee goes from first to last as oil, Kashmir puncture sentiment - Moneyweb

> The rupee slid about 2.4% since the end of December, falling to 71.515 per dollar on February 18, 2019, and becoming the weakest Asian currency this year. Rising crude prices and tensions in Kashmir after a suicide bombing weighed on sentiment, and Indian stocks posted their biggest weekly loss in four months.

- Date: 2019-02-18 · published 2019-02-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60870-rupee-goes-from-first-to-last-as-oil-kashmir-puncture-sentiment-moneyweb
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil prices and political risk keep the dollar strong against the rupee, raising India's cost of imported feed inputs. Analysts warned the rupee could weaken further if tensions escalate.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-17 | [Rupee furthers loss by 18 paise as crude worries hurt sentiment - India Today](https://feedsoft.ai/events/57384-rupee-furthers-loss-by-18-paise-as-crude-worries-hurt-sentiment-india-today.md) | -5.8% | -14.0% |
| BRENT | 2024-07-29 | [Oil rises from six-week low with Chinese demand, OPEC+ in focus - Moneyweb](https://feedsoft.ai/events/29443-oil-rises-from-six-week-low-with-chinese-demand-opec-in-focus-moneyweb.md) | -4.5% | -1.9% |
| BRENT | 2020-05-20 | [A month after oil plunged into the abyss, prices are surging - Moneyweb](https://feedsoft.ai/events/53305-a-month-after-oil-plunged-into-the-abyss-prices-are-surging-moneyweb.md) | -0.4% | +19.9% |
| BRENT | 2018-06-28 | [Double trouble: Rupee sinks to lifetime low of Rs 69.10 against US Dollar as oil prices head north](https://feedsoft.ai/events/64790-double-trouble-rupee-sinks-to-lifetime-low-of-rs-69-10-against-us-dollar-as-oil.md) | +0.7% | -4.0% |
| BRENT | 2024-04-04 | [Brent Oil Futures Hit $90 a Barrel for First Time Since October - Bloomberg](https://feedsoft.ai/events/30897-brent-oil-futures-hit-90-a-barrel-for-first-time-since-october-bloomberg.md) | +1.2% | -7.2% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rupee-goes-from-first-to-last-as-oil-kashmir-puncture-sentiment/

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