# Stock market down after US Fed retains rate hike projection, rupee falls to two-month low

> The Sensex fell 30 points to 32,370 and the Nifty dropped 19 points to 10,121 on September 21 after foreign investors pulled funds following the Fed's signal of another rate hike this year. The Fed also said it would begin trimming its balance sheet in October. The rupee fell to a two-month low in line with losses in other Asian currencies.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69261-stock-market-down-after-us-fed-retains-rate-hike-projection-rupee-falls-to-two
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Fed tightening and foreign fund outflows raise the rupee cost of dollar-priced imports for India. The move is a macro signal with limited direct impact on feed commodity prices.

## Read by commodity

- USDINR: bullish ▲

## Sources

- scroll.in: https://scroll.in/latest/851390/sensex-and-nifty-fall-rupee-at-10-week-low-after-us-fed-reserve-retains-rate-hike-projection

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