# Rupee slides 11 paise against dollar in early trade

> The rupee fell 11 paise to 64.22 per dollar in early trade on July 28 on month-end dollar demand from importers and banks. Domestic equity losses also weighed on the currency, a day after it gained 26 paise to a two-and-a-half month high of 64.11.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70272-rupee-slides-11-paise-against-dollar-in-early-trade
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Month-end importer dollar buying lifts the rupee cost of imported agricultural inputs, although the move is a routine fluctuation rather than a trend change.

## Read by commodity

- USDINR: bullish ▲

## Sources

- thehindu.com: https://www.thehindu.com/business/markets/rupee-slides-11-paise-against-dollar-in-early-trade/article19376420.ece

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