# Rupee dollar live update - The HinduBusinessLine

> The rupee weakened 14 paise to close at 64.52 per dollar after the RBI kept its repo rate unchanged at 6.0% but raised its inflation forecast for the rest of the fiscal year to 4.3-4.7%. Importer dollar demand added pressure, while a softer dollar index limited the losses.

- Date: 2017-12-06 · published 2017-12-06T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/67763-rupee-dollar-live-update-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A higher inflation outlook with rates on hold weakens the rupee and raises the local cost of dollar-priced feed ingredients imported into India.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-down-14-paise-to-6452-on-rbis-inflation-forecast/article64281523.ece

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