# Rupee hits an all-time closing low of 68.79 a dollar

> The rupee closed at a record low of 68.79 per dollar, its fourth straight session of losses, and intraday touched 69.10. Weak global cues, rising oil prices, and concerns about inflation and fiscal slippage weighed on the currency.

- Date: 2018-07-01 · published 2018-07-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64794-rupee-hits-an-all-time-closing-low-of-68-79-a-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising oil prices and a weaker rupee increase India's import costs and may pressure feed buyers' purchasing power for imported ingredients. Central bank intervention could tighten liquidity.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-11-01 | [Rupee closes at fresh record low against dollar](https://feedsoft.ai/events/62809-rupee-closes-at-fresh-record-low-against-dollar.md) | -5.4% | -22.3% |
| BRENT | 2018-06-28 | [Double trouble: Rupee sinks to lifetime low of Rs 69.10 against US Dollar as oil prices head north](https://feedsoft.ai/events/64790-double-trouble-rupee-sinks-to-lifetime-low-of-rs-69-10-against-us-dollar-as-oil.md) | +0.7% | -4.0% |
| BRENT | 2022-02-24 | [Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India](https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india.md) | +18.2% | +27.0% |
| BRENT | 2026-04-30 | [Rupee At Record Low: Oil-Dollar-War Trap Outweighing RBI's Countermoves?](https://feedsoft.ai/events/20010-rupee-at-record-low-oil-dollar-war-trap-outweighing-rbi-s-countermoves.md) | -15.3% | -21.9% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-hits-an-all-time-closing-low-of-68-79-a-dollar/articleshow/64783223.cms

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