# Dealers see rupee breaching the 67 level. Here's why

> The rupee closed at 66.76 against the US dollar on Thursday after falling to a 14-month low the previous day. Currency dealers expect it to breach 67 per dollar. The fall is attributed to rising crude prices, foreign investor outflows and US trade-war worries.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/65793-dealers-see-rupee-breaching-the-67-level-here-s-why
- 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 raises India's dollar import costs for crude and other inputs, which feeds into feed-ingredient import prices and domestic inflation. Continued rupee weakness supports a stronger dollar against Indian-linked commodity costs.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-05-17 | [Why Rupee Breached 70 Levels Against USD This Week? \| Investing.com India](https://feedsoft.ai/events/59360-why-rupee-breached-70-levels-against-usd-this-week-investing-com-india.md) | -7.6% | -15.1% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2017-10-28 | [Brent crude hits high note of $60 - here's why... - News for the Energy Sector](https://feedsoft.ai/events/68634-brent-crude-hits-high-note-of-60-here-s-why-news-for-the-energy-sector.md) | +2.4% | +5.7% |
| BRENT | 2017-09-26 | [Oil on course to break $60 a barrel level \| The National](https://feedsoft.ai/events/69124-oil-on-course-to-break-60-a-barrel-level-the-national.md) | -5.6% | -2.9% |
| 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% |

## Sources

- livemint.com: https://www.livemint.com/Money/eKqGz9zvYjeI39QXyISB3O/Dealers-see-rupee-breaching-the-67-level-Heres-why.html

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