# Rupee in free fall, trips 35 paise on panic dollar buying | Rupee in free fall, trips 35 paise on panic dollar buying

> The rupee fell 35 paise to close at 65.45 per dollar on September 26, its lowest close since March 23, as importers bought dollars amid foreign fund outflows. The dollar had climbed to a three-week high against major currencies. Expectations of a Fed rate hike later in the year added to the pressure.

- Date: 2017-09-26 · published 2017-09-26T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69260-rupee-in-free-fall-trips-35-paise-on-panic-dollar-buying-rupee-in-free-fall
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A weaker rupee increases the local cost of dollar-priced imports for India, which can curb purchases of feed ingredients. The effect is contained to currency and import-cost channels.

## Read by commodity

- USDINR: bullish ▲

## Sources

- asianage.com: https://www.asianage.com/business/market/260917/rupee-in-free-fall-trips-35-paise-on-panic-dollar-buying.html

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