# Indian rupee breaks 69 vs dollar for first time; down over 8% in 2018

> The Indian rupee broke the 69-per-dollar level for the first time and is down over 8 percent in 2018. Rising crude prices and US-China trade war concerns were cited as the drivers of the weakness.

- Date: 2018-07-01 · published 2018-07-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64796-indian-rupee-breaks-69-vs-dollar-for-first-time-down-over-8-in-2018
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupee alongside higher crude raises India's import costs and can curb its purchasing of imported feed inputs. The move reflects broader emerging-market currency pressure.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-25 | [USDINR Indian rupee below Rs70 per dollar on oil](https://feedsoft.ai/events/59888-usdinr-indian-rupee-below-rs70-per-dollar-on-oil.md) | -2.7% | -3.5% |
| BRENT | 2018-10-02 | [Rupiah Weakens Past 15,000 per Dollar for First Time Since 1998 - Bloomberg](https://feedsoft.ai/events/62835-rupiah-weakens-past-15-000-per-dollar-for-first-time-since-1998-bloomberg.md) | -1.1% | -8.8% |
| 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 | 2018-07-01 | [Rupee hits an all-time closing low of 68.79 a dollar](https://feedsoft.ai/events/64794-rupee-hits-an-all-time-closing-low-of-68-79-a-dollar.md) | -3.1% | -4.9% |
| 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% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-at-all-time-low-slips-28-paise-at-68-89-per-dollar-2644351.html

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