# Rupee All Time Low: Rupee Slumps To All-Time Closing Low Against U.S. Dollar

> The rupee closed at a record low of 68.95 against the dollar after a panic dollar demand and capital flight. Fears of an economic slowdown, high crude prices, a hawkish Fed and trade tensions all weighed on sentiment, and the government raised kharif minimum support prices.

- Date: 2018-07-05 · published 2018-07-05T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64318-rupee-all-time-low-rupee-slumps-to-all-time-closing-low-against-u-s-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Record rupee weakness raises the dollar cost of imported feed ingredients for India. The higher kharif support price could lift domestic grain costs and prompt faster rate hikes.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-30 | [Indian Rupee gives up RBI-linked gains, slides back to all-time lows against US Dollar](https://feedsoft.ai/events/20454-indian-rupee-gives-up-rbi-linked-gains-slides-back-to-all-time-lows-against-us.md) | +12.7% | -2.0% |
| WTI | 2018-11-01 | [Rupee dips further, hits new record closing low of 74.39 against US dollar](https://feedsoft.ai/events/62813-rupee-dips-further-hits-new-record-closing-low-of-74-39-against-us-dollar.md) | -5.6% | -21.2% |
| WTI | 2023-07-26 | [Rupee falls 13 paise to close at 82.01 against US dollar](https://feedsoft.ai/events/35320-rupee-falls-13-paise-to-close-at-82-01-against-us-dollar.md) | +2.1% | +0.7% |
| WTI | 2018-09-18 | [Rupee closes at new all-time low as crude prices rise](https://feedsoft.ai/events/63323-rupee-closes-at-new-all-time-low-as-crude-prices-rise.md) | +5.8% | +4.3% |
| WTI | 2018-08-01 | [Rupee recovers from 5-year low, up 23 paise at 68.57 against dollar](https://feedsoft.ai/events/64316-rupee-recovers-from-5-year-low-up-23-paise-at-68-57-against-dollar.md) | -0.5% | -1.4% |

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/rupee-slumps-to-all-time-closing-low-against-us-dollar-10481873

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