# Rupee sinks 69 paise on Trump impeachment fears | Money & Forex Markets - Business Standard

> The rupee lost about 1.06% on May 18, its sharpest percentage fall since August 2015. Traders covered large short positions as dollar buying spread, after reports that President Trump could face impeachment proceedings.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71299-rupee-sinks-69-paise-on-trump-impeachment-fears-money-and-forex-markets
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The move reflects risk-off flows and positioning rather than a change in Indian fundamentals. Dollar-priced feed imports become more expensive for Indian buyers in the short term.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/rupee-sinks-69-paise-on-trump-impeachment-fears-117051801526_1.html

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