# Rupee sinks 55 paise to 64.04 on trade deficit concerns | India.com

> The rupee fell 55 paise to 64.04 per dollar, its biggest one-day drop in eight months, after global crude prices rose and India's trade deficit widened to USD 14.88 billion in December. Imports rose 21% year on year, led by oil and gold.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/67259-rupee-sinks-55-paise-to-64-04-on-trade-deficit-concerns-india-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher crude costs and a wider trade deficit weaken the rupee and raise India's import bill. Weaker purchasing power can reduce Indian demand for imported feed ingredients.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-01 | [Rupee's slide to record low puts Indian central bank back on the defensive](https://feedsoft.ai/events/20006-rupee-s-slide-to-record-low-puts-indian-central-bank-back-on-the-defensive.md) | -15.2% | -22.3% |
| BRENT | 2022-02-24 | [Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India](https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india.md) | +18.2% | +27.0% |
| BRENT | 2023-08-01 | [Rupee falls 31 paise to 82.23 against the US dollar in early trade](https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade.md) | +0.6% | -0.6% |
| BRENT | 2019-09-17 | [Rupee furthers loss by 18 paise as crude worries hurt sentiment - India Today](https://feedsoft.ai/events/57384-rupee-furthers-loss-by-18-paise-as-crude-worries-hurt-sentiment-india-today.md) | -5.8% | -14.0% |
| BRENT | 2026-04-30 | [Rupee breaches 95-mark amid fresh war concerns, spike in oil prices \| Business News - The Indian Express](https://feedsoft.ai/events/20007-rupee-breaches-95-mark-amid-fresh-war-concerns-spike-in-oil-prices-business.md) | -15.3% | -21.9% |

## Sources

- india.com: https://www.india.com/news/rupee-sinks-55-paise-to-64-04-on-trade-deficit-concerns-2846904/

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