# Rupee at four month low,  falls 24 paise against US dollar | Business News

> The Indian rupee weakened to a four-month low of 65.18 per US dollar after India's current account deficit widened to 2% of GDP in the December quarter. Losses in local markets over five consecutive sessions also weighed on sentiment, and traders awaited the Federal Reserve meeting.

- Date: 2018-03-19 · published 2018-03-19T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66261-rupee-at-four-month-low-falls-24-paise-against-us-dollar-business-news
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the cost of imported feed ingredients and vegetable oils for Indian buyers, while a firmer dollar tends to pressure dollar-priced commodities.

## Read by commodity

- USDINR: bullish ▲

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/rupee-weakens-9-paise-against-us-dollar-ahead-of-fed-policy-meet/story-rEbmmhx0ZBNxb26z2n3eAN.html

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