# Rupee sinks to all-time low, breaches 74-mark against US dollar

> The rupee fell to an all-time low of 74.23 intraday on October 5 after the RBI kept its key rates unchanged, before settling at 73.76. The rupee had fallen 13.5% in 2018, making it Asia's worst-performing currency.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62815-rupee-sinks-to-all-time-low-breaches-74-mark-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The RBI hold surprised markets and deepened currency weakness, which raises India's import bill for oil and dollar-priced feed inputs. This is mildly bearish for Indian demand for imported feed commodities.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-sinks-to-all-time-low-breaches-74-mark-against-us-dollar/articleshow/66084919.cms

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