# Rupee Slips To Near 3-Month Low As Traders Await GDP Data

> The rupee fell for a third session to a near three-month low of 65.10 per dollar at the open. Traders were weighing the dollar's support from Federal Reserve Chair Jerome Powell's signal of gradual rate hikes, and awaiting Indian GDP data. Sovereign bonds were on track for a seventh monthly decline.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66777-rupee-slips-to-near-3-month-low-as-traders-await-gdp-data
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A firmer dollar and rising US rates pressure emerging-market currencies, raising import costs for India. Expectations of tighter domestic policy also weigh on the rupee.

## Read by commodity

- USDINR: bullish ▲

## Sources

- ndtvprofit.com: https://www.ndtvprofit.com/markets/rupee-slips-to-near-3-month-low-as-traders-await-gdp-data-10439664

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