# Rupee tanks to 6-1/2 mth low on panic dollar buying | India.com

> The rupee fell 27 paise to close at 65.72 per dollar, its lowest level in six and a half months, as dollar demand and foreign capital outflows intensified. The currency has lost about 3% over 14 trading sessions. Expectations of further US rate hikes and a sharp fall in Indian equities added to the pressure.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69255-rupee-tanks-to-6-1-2-mth-low-on-panic-dollar-buying-india-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A sharply weaker rupee makes dollar-priced imports such as soymeal and feed ingredients more expensive for Indian buyers. Persistent weakness could slow purchases until the currency stabilises.

## Read by commodity

- USDINR: bullish ▲

## Sources

- india.com: https://www.india.com/news/rupee-tanks-to-6-12-mth-low-on-panic-dollar-buying-2501891/

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