# Rupee closes at fresh record low against dollar

> The Indian rupee closed at a record low of 73.58 per dollar, weakening 0.33% on the day, after extending its fall on higher crude oil prices. Traders were awaiting the Reserve Bank of India's policy decision, with most economists expecting a rate hike to 6.75%.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62809-rupee-closes-at-fresh-record-low-against-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

A weaker rupee raises the cost of dollar-priced imports for India, and rising crude prices widen the oil import bill. For feed buyers this points to firmer dollar-denominated input costs and possible demand softness from Indian importers.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | +0.7% | -4.0% |
| 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 | 2026-04-30 | [Rupee At Record Low: Oil-Dollar-War Trap Outweighing RBI's Countermoves?](https://feedsoft.ai/events/20010-rupee-at-record-low-oil-dollar-war-trap-outweighing-rbi-s-countermoves.md) | -15.3% | -21.9% |
| 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% |

## Sources

- livemint.com: https://www.livemint.com/Money/OZOQOVmar9WKbHO28z8F8M/Rupee-hits-fresh-lows-beyond-7350dollar-bond-prices-plung.html

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