# How a freak trade raised eyebrows - The Economic Times

> On September 26, the October rupee futures contract briefly spiked to 65.00 per dollar from 65.65 just before the market closed, which dealers attributed to an apparent fat-finger error. A roughly $100 million trade on an exchange was suspected to come from a state-owned bank. The rupee closed at 65.45, its weakest level in six months.

- Date: 2017-09-26 · published 2017-09-26T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/69258-how-a-freak-trade-raised-eyebrows-the-economic-times
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The episode is a market-structure event with no direct supply or demand effect on feed commodities. It only highlights volatility in the rupee, which can affect import costs.

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/stocks/news/how-a-freak-trade-raised-eyebrows/articleshow/60845780.cms

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