# Why rupee tumbled after RBI status quo on repo rate

> The Reserve Bank of India kept its repo rate unchanged at 6.5% on October 5, against market expectations of a 25 basis point hike. The Sensex fell 792 points and the rupee slid past 74 per dollar.

- Date: 2018-10-06 · published 2018-10-06T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/62817-why-rupee-tumbled-after-rbi-status-quo-on-repo-rate
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The unexpected policy hold removed support for the rupee and signalled tolerance of currency weakness, which keeps Indian import costs elevated. This is a modest bearish factor for Indian feed import demand.

## Read by commodity

- USDINR: bullish ▲

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/why-rupee-tumbled-after-rbi-status-quo-on-repo-rate/articleshow/66095708.cms

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