# Rupee depreciates 4 paise against US dollar | India.com

> The rupee fell 4 paise to a four-month low of 65.21 per dollar in early trade after weakening 23 paise the previous session. Dollar buying by importers and banks and a weak domestic equity market pressured the currency ahead of the Fed policy meeting.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66264-rupee-depreciates-4-paise-against-us-dollar-india-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee lifts the local-currency cost of imported feed ingredients and vegetable oils in India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- india.com: https://www.india.com/news/rupee-depreciates-4-paise-against-us-dollar-2953447/

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