# Rescuing the rupee: A peek into the RBI's arsenal

> The RBI has raised rates for the first time in four years and has intervened in FX markets, yet the rupee remains Asia's worst-performing currency this year. Analysts say a wider current-account deficit from higher oil prices and portfolio outflows could push the rupee weaker.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64314-rescuing-the-rupee-a-peek-into-the-rbi-s-arsenal
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent rupee weakness raises the local-currency cost of dollar-priced feed imports into India, and higher domestic rates tighten credit for livestock and poultry producers. Oil-driven deficit pressure reinforces the macro backdrop for import costs.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-04-04 | [Why is the rupee falling?](https://feedsoft.ai/events/31011-why-is-the-rupee-falling.md) | +0.9% | -6.8% |
| WTI | 2023-04-14 | [Investor's guide to the coming Federal Reserve pause](https://feedsoft.ai/events/36299-investor-s-guide-to-the-coming-federal-reserve-pause.md) | -5.9% | -13.8% |
| WTI | 2024-04-17 | [How the rupee’s fall can impact the economy and what RBI can do about it \| Mint](https://feedsoft.ai/events/31013-how-the-rupee-s-fall-can-impact-the-economy-and-what-rbi-can-do-about-it-mint.md) | -2.3% | -7.9% |
| WTI | 2020-05-20 | [A month after oil plunged into the abyss, prices are surging - Moneyweb](https://feedsoft.ai/events/53305-a-month-after-oil-plunged-into-the-abyss-prices-are-surging-moneyweb.md) | +1.3% | +17.2% |
| WTI | 2022-06-28 | [Rupee Rate Today: Rupee at record lows, but RBI intervention slows slide, ETCFO](https://feedsoft.ai/events/41213-rupee-rate-today-rupee-at-record-lows-but-rbi-intervention-slows-slide-etcfo.md) | -9.0% | -12.6% |

## Sources

- livemint.com: https://www.livemint.com/Money/GbNh0oH6rIChQ4WCZDo9ZP/Rescuing-the-rupee-a-peek-into-the-RBIs-arsenal.html

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