# Rupee dips 2 paise to 70.20 against U.S. dollar

> The rupee weakened two paise to 70.20 against the dollar on foreign fund outflows and trade deficit worries. Concerns over a government farm relief package and firming crude prices also weighed on the currency.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/61362-rupee-dips-2-paise-to-70-20-against-u-s-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A softer rupee on fiscal and oil concerns raises India's import costs for feed ingredients, though the move was small.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-dips-2-paise-to-7020-against-us-dollar/article25900230.ece

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