# rupee dollar live update - The HinduBusinessLine

> The rupee fell 22 paise to close at 65.50 per dollar on October 3, 2017, as expectations of a US Federal Reserve rate hike strengthened the dollar. Importers, corporates and capital outflows added pressure, and traders awaited the RBI policy decision the next day. Government bond yields were roughly flat.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/68752-rupee-dollar-live-update-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee raises the local cost of dollar-priced feed imports into India, but the effect on global feed prices is limited.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-down-22-paise-to-655/article64288312.ece

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