# Rupee softens 10 paise against US dollar | Rupee softens 10 paise against US dollar

> The rupee weakened 10 paise to 64.53 per dollar on June 20 as importer demand and Fed rate-hike fears drove foreign capital outflows. A higher equity market opening partly offset the decline.

- Date: 2017-06-20 · published 2017-06-20T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/70792-rupee-softens-10-paise-against-us-dollar-rupee-softens-10-paise-against-us
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rising Fed expectations and capital outflows push the rupee weaker, raising the rupee cost of imported feed inputs for Indian buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- asianage.com: https://www.asianage.com/business/market/200617/rupee-softens-10-paise-against-us-dollar.html

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