# India: It’s not a confidence crisis yet | articles | ING THINK

> The rupee breached 65 per dollar, a level last seen in November, and posted its biggest weekly depreciation since late 2016. Analysts link the pressure to fiscal slippage, a bank scam and a planned recapitalisation of public sector banks. The commentary says the weakness is unlikely to fade quickly.

- Date: 2018-02-23 · published 2018-02-23T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66779-india-it-s-not-a-confidence-crisis-yet-articles-ing-think
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Sustained rupee weakness raises the cost of dollar-denominated imports for India's feed sector. Banking stress may also tighten trade credit available to importers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/india-its-not-a-confidence-crisis-yet/

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