# Rupee hits 1-year low on FPI outflow, higher crude - Times of India

> The rupee fell below 67 per dollar, a one-year low, on foreign fund outflows, higher crude prices and rising imports. Political uncertainty around Karnataka polls and rising global sovereign bond yields added pressure.

- Date: 2018-05-07 · published 2018-05-07T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65301-rupee-hits-1-year-low-on-fpi-outflow-higher-crude-times-of-india
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee raises India's crude and import bills and can lift domestic inflation, which tends to dampen import demand for commodities priced in dollars.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | +20.2% | +24.7% |
| WTI | 2022-07-19 | [Indian Rupee Hits Weakest Level Ever Against the Dollar](https://feedsoft.ai/events/40777-indian-rupee-hits-weakest-level-ever-against-the-dollar.md) | -4.9% | -12.1% |
| WTI | 2018-09-01 | [Indian rupee at fresh record low, breaches 71 for the first time](https://feedsoft.ai/events/63801-indian-rupee-at-fresh-record-low-breaches-71-for-the-first-time.md) | -3.3% | +7.9% |
| WTI | 2018-08-31 | [Rupee plunges to historic low of 71  \| Business News - The Indian Express](https://feedsoft.ai/events/63796-rupee-plunges-to-historic-low-of-71-business-news-the-indian-express.md) | -3.6% | +4.2% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/re-hits-1-yr-low-on-fpi-outflow-higher-crude/articleshow/64070869.cms

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