# inr vs us dollar: Why Indian Rupee is depreciating and how its peers performing against US Dollar - The Economic Times Video | ET Now

> Emerging market currencies sank in Asia on Friday, August 31, with the Indian rupee hitting a record low past Rs 71 per dollar. Dealers feared contagion from financial crises in Argentina and Turkey.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/63803-inr-vs-us-dollar-why-indian-rupee-is-depreciating-and-how-its-peers-performing
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Emerging-market currency contagion raises import costs in importing countries and can weigh on dollar-denominated commodity demand from Asia.

## Read by commodity

- USDINR: bullish ▲

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/why-indian-rupee-is-depreciating-and-how-its-peers-performing-against-us-dollar/videoshow/65626660.cms

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