# Rupee hits another record low - The Hindu

> The rupee touched a record low of 74.50 in early trade on October 11, after closing at 74.20 the previous session. Foreign investor outflows and importer dollar demand were cited, and the Sensex fell about 3% at the open.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/62816-rupee-hits-another-record-low-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Continued rupee weakness raises the cost of imported grains, oilseeds and feed ingredients in India and may reduce purchases. Equity sell-offs can also tighten financial conditions for importers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-hits-another-record-low/article25187299.ece

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