# Rupee sheds 8 paise in early trade

> The rupee slipped 8 paise to 65.25 per dollar in early trade on importer dollar demand and foreign fund outflows. Strength in the dollar on expectations of Fed rate hikes added pressure, while India's economy grew 7.2% in the October-December quarter.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66266-rupee-sheds-8-paise-in-early-trade
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises import costs for Indian buyers of dollar-priced feed and oilseed products.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-sheds-8-paise-in-early-trade/article22889300.ece

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