# Double trouble: Rupee sinks to lifetime low of Rs 69.10 against US Dollar as oil prices head north

> The Indian rupee slid to an all-time low of about 69.09 per dollar as crude oil prices rose and emerging-market funds sold assets. Bond yields also climbed six basis points to 7.93 percent.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64790-double-trouble-rupee-sinks-to-lifetime-low-of-rs-69-10-against-us-dollar-as-oil
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

India imports most of its fuel, so a weaker rupee raises the cost of oil imports and the feed-relevant input costs that follow from higher inflation and tighter finances. Weak rupee can also reduce Indian import demand for agricultural commodities.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-09 | [ARS/USD: Argentine Peso Stable Against Dollar Thanks to High Oil Prices - Bloomberg](https://feedsoft.ai/events/17753-ars-usd-argentine-peso-stable-against-dollar-thanks-to-high-oil-prices-bloomberg.md) | +10.8% | +4.6% |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |
| BRENT | 2021-01-13 | [Ringgit up 140 bps against US dollar on oil price rally, lower US treasury yields](https://feedsoft.ai/events/49423-ringgit-up-140-bps-against-us-dollar-on-oil-price-rally-lower-us-treasury-yields.md) | -1.1% | +8.2% |
| BRENT | 2022-02-28 | [Ringgit opens firmer against US dollar, supported by oil prices \| Malay Mail](https://feedsoft.ai/events/42959-ringgit-opens-firmer-against-us-dollar-supported-by-oil-prices-malay-mail.md) | +23.1% | +23.8% |

## Sources

- indianexpress.com: https://indianexpress.com/article/business/market/rupee-sinks-to-lifetime-low-against-us-dollar-sensex-suffers-5236679/

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