# Rupee drops 8 paise to 64.87 vs dollar

> The rupee fell 8 paise to close at 64.87 per dollar after a previous session's 28-paise drop to a three-month low. Importers and banks sought dollars amid heavy capital outflows and concerns about a spike in crude prices. Forward premiums also eased.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/66783-rupee-drops-8-paise-to-64-87-vs-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Dollar demand from importers and capital outflows keep pressure on the rupee, raising the rupee cost of dollar-priced feed imports. Forward premium moves suggest hedging costs are easing slightly.

## Read by commodity

- USDINR: bullish ▲

## Sources

- indianexpress.com: https://indianexpress.com/article/business/rupee-drops-8-paise-to-64-87-vs-dollar-5080500/

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