# Rupee plummets to a fresh 6-month low: 5 reasons why - Market News | The Financial Express

> The rupee dropped to a six-month low of about 65.38 per dollar on September 26 amid fund outflows from domestic capital markets. Analysts cited US Federal Reserve plans to hike rates in December and balance sheet unwinding, along with safe-haven demand for gold and yen. Foreign exchange reserves rose to $402.5 billion as of September 15.

- Date: 2017-09-26 · published 2017-09-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69256-rupee-plummets-to-a-fresh-6-month-low-5-reasons-why-market-news-the-financial
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rupee weakness raises the cost of dollar-denominated imports for India, which can tighten feed ingredient budgets. Global dollar strength tied to Fed policy also affects dollar-priced commodities more broadly.

## Read by commodity

- USDINR: bullish ▲

## Sources

- prelaunch.financialexpress.com: https://prelaunch.financialexpress.com/market/rupee-plummets-to-a-fresh-6-month-low-5-reasons-why/871123/

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