# Rupee nosedives as Asia's worst after earlier steady gains | The National

> The rupee fell to become Asia's worst-performing currency after a rebound in oil prices and concerns about a costly farm bailout ahead of elections due by May. Analysts said it could trail regional peers while oil stays elevated.

- Date: 2019-01-13 · published 2019-01-13T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/61358-rupee-nosedives-as-asia-s-worst-after-earlier-steady-gains-the-national
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices and a weaker rupee raise India's import and feed costs, and fiscal worries around farm payouts add pressure on the currency.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-10-31 | [Rupee rises 9 paise against US dollar after Fed rate cut  - The Hindu](https://feedsoft.ai/events/56841-rupee-rises-9-paise-against-us-dollar-after-fed-rate-cut-the-hindu.md) | +2.4% | +5.8% |
| WTI | 2022-07-19 | [Indian Rupee Hits Weakest Level Ever Against the Dollar](https://feedsoft.ai/events/40777-indian-rupee-hits-weakest-level-ever-against-the-dollar.md) | -4.9% | -12.1% |
| WTI | 2018-07-12 | [Rescuing the rupee: A peek into the RBI's arsenal](https://feedsoft.ai/events/64314-rescuing-the-rupee-a-peek-into-the-rbi-s-arsenal.md) | -2.4% | -5.0% |
| WTI | 2021-08-24 | [Crude oil futures extend gains after overnight vault as outlook improves \| S&P Global](https://feedsoft.ai/events/12114-crude-oil-futures-extend-gains-after-overnight-vault-as-outlook-improves-s-and.md) | +5.5% | +7.4% |
| WTI | 2026-03-30 | [Indian Rupee gives up RBI-linked gains, slides back to all-time lows against US Dollar](https://feedsoft.ai/events/20454-indian-rupee-gives-up-rbi-linked-gains-slides-back-to-all-time-lows-against-us.md) | +12.7% | -2.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/rupee-nosedives-as-asia-s-worst-after-earlier-steady-gains-1.811902

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