# Rupee slumps on month-end dollar demand

> The rupee closed lower at 64.01/0125 per dollar on August 29 as importers increased dollar demand at month-end. It had closed at 63.9050/9150 the previous session.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/69736-rupee-slumps-on-month-end-dollar-demand
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Month-end importer dollar demand is a routine currency fluctuation with limited effect on feed commodity prices. It signals only short-term pressure on the rupee.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/news-cm/rupee-slumps-on-month-end-dollar-demand-117082900874_1.html

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