# Why is the Indian rupee at a seven-month low?

> The rupee has lost nearly 3% against the dollar since the start of 2018, the second-largest loss among BRICS currencies after the ruble. Analysts attribute the decline to higher crude prices, a wider trade deficit and capital outflows. ICRA expects the current account deficit to reach about 1.9% of GDP in FY2019.

- Date: 2018-04-18 · published 2018-04-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low
- 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 widening trade and current account deficit increases India's dollar demand, which keeps the rupee under pressure and raises the cost of dollar-priced imports such as oilseeds and feed ingredients.

## 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 | 2026-05-01 | [Rupee's slide to record low puts Indian central bank back on the defensive](https://feedsoft.ai/events/20006-rupee-s-slide-to-record-low-puts-indian-central-bank-back-on-the-defensive.md) | -15.2% | -22.3% |
| BRENT | 2018-04-26 | [Dealers see rupee breaching the 67 level. Here's why](https://feedsoft.ai/events/65793-dealers-see-rupee-breaching-the-67-level-here-s-why.md) | -0.9% | +7.2% |
| 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 | 2026-04-30 | [Rupee at record low of Rs 95: What should investors do now](https://feedsoft.ai/events/20013-rupee-at-record-low-of-rs-95-what-should-investors-do-now.md) | -15.3% | -21.9% |

## Sources

- qz.com: https://qz.com/india/1255215/the-indian-rupee-is-at-a-seven-month-low-here-are-three-reasons-why

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