# Rupee falters on fiscal deficit, oil concerns; down 15 paise | India.com

> The rupee closed at 64.46 per dollar on November 30, down 15 paise after a three-day rally. Concerns over India's fiscal deficit, which hit 96.1% of the budget estimate at end-October, and possible OPEC output cut extensions drove the decline, ahead of the Q2 GDP release showing 6.3% growth.

- Date: 2017-11-30 · published 2017-11-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68264-rupee-falters-on-fiscal-deficit-oil-concerns-down-15-paise-india-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker rupee and firmer crude raise India's import costs for edible oils and energy, which can support Indian demand for vegetable oils while adding to feed-chain costs.

## Read by commodity

- WTI: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-11-30 | [Rupee closes at 64.46 over concerns on fiscal deficit, oil supply cut \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/68257-rupee-closes-at-64-46-over-concerns-on-fiscal-deficit-oil-supply-cut-money-and.md) | -2.5% | +4.5% |
| WTI | 2021-05-26 | [Equities, dollar rise as Fed officials downplay inflation concerns](https://feedsoft.ai/events/47004-equities-dollar-rise-as-fed-officials-downplay-inflation-concerns.md) | +3.9% | +10.4% |
| WTI | 2018-09-01 | [Rupee slides 26 paise to close below historic 70-mark on trade deficit worries](https://feedsoft.ai/events/63800-rupee-slides-26-paise-to-close-below-historic-70-mark-on-trade-deficit-worries.md) | -3.3% | +7.9% |
| WTI | 2019-09-16 | [Oil spike sends India assets lower as inflation concerns revive](https://feedsoft.ai/events/57385-oil-spike-sends-india-assets-lower-as-inflation-concerns-revive.md) | +5.8% | -0.1% |
| WTI | 2025-05-28 | [Oil gains on supply concerns, investors await July OPEC+ output decision](https://feedsoft.ai/events/24836-oil-gains-on-supply-concerns-investors-await-july-opec-output-decision.md) | +4.1% | +6.9% |

## Sources

- india.com: https://www.india.com/news/rupee-falters-on-fiscal-deficit-oil-concerns-down-15-paise-2697634/

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