# Oil Puts Rupee on Course to Outstrip Taper-Tantrum Losses - Bloomberg

> The rupee is on track to lose more than it did during the 2013 taper tantrum, as policymakers' efforts to stop its slide have failed. Rising oil prices and persistent foreign investor outflows are driving the decline.

- Date: 2018-10-02 · published 2018-10-02T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62811-oil-puts-rupee-on-course-to-outstrip-taper-tantrum-losses-bloomberg
- 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 sharp rupee decline makes Indian buyers of imported feed ingredients and vegetable oils less price-competitive, which can soften import demand. Higher oil prices also feed through to freight and processing costs.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-01 | [Rupee's slide to record low puts Indian central bank back on the defensive](https://feedsoft.ai/events/20006-rupee-s-slide-to-record-low-puts-indian-central-bank-back-on-the-defensive.md) | -15.2% | -22.3% |
| BRENT | 2023-09-20 | [Goldman Sachs Says Oil’s Going Back to $100 as OPEC+ Cuts - Bloomberg](https://feedsoft.ai/events/34275-goldman-sachs-says-oil-s-going-back-to-100-as-opec-cuts-bloomberg.md) | -1.1% | -4.2% |
| BRENT | 2017-09-26 | [Oil on course to break $60 a barrel level \| The National](https://feedsoft.ai/events/69124-oil-on-course-to-break-60-a-barrel-level-the-national.md) | -5.6% | -2.9% |
| BRENT | 2024-03-19 | [Currie Says Oil Will Break Above Consensus View on Fed Cuts - Bloomberg](https://feedsoft.ai/events/31102-currie-says-oil-will-break-above-consensus-view-on-fed-cuts-bloomberg.md) | -0.2% | +4.6% |
| BRENT | 2019-10-31 | [Oil Jumps Most in Six Weeks on Economic Data, Easing Weekly Loss - Bloomberg](https://feedsoft.ai/events/56746-oil-jumps-most-in-six-weeks-on-economic-data-easing-weekly-loss-bloomberg.md) | +2.5% | +6.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-10-02/oil-puts-indian-rupee-on-course-to-outstrip-taper-tantrum-losses

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