# Rupee runs into seasonality wall - Gulf Times

> The rupee, Asia's best performer over the past three months, faces seasonal weakness in the April-June quarter, with gold purchases ahead of Akshaya Tritiya and firm Brent crude expected to pressure the currency. A Bloomberg survey median sees the rupee at 66.50 per dollar by end-June.

- Date: 2017-04-23 · published 2017-04-23T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/71781-rupee-runs-into-seasonality-wall-gulf-times
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising gold and oil import demand weakens the rupee, which lifts the dollar price of India's imports and could increase India's import bill for oil and related commodities.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-06-28 | [Rupee Falls To All-Time Lows As External Risks Build](https://feedsoft.ai/events/64791-rupee-falls-to-all-time-lows-as-external-risks-build.md) | +0.7% | -4.0% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2023-07-31 | [Indian rupee set for monthly decline, premiums little changed in July \| Khaleej Times](https://feedsoft.ai/events/35312-indian-rupee-set-for-monthly-decline-premiums-little-changed-in-july-khaleej.md) | +2.4% | +0.2% |
| BRENT | 2019-09-17 | [Rupee furthers loss by 18 paise as crude worries hurt sentiment - India Today](https://feedsoft.ai/events/57384-rupee-furthers-loss-by-18-paise-as-crude-worries-hurt-sentiment-india-today.md) | -5.8% | -14.0% |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |

## Sources

- gulf-times.com: https://www.gulf-times.com/story/545431/rupee-runs-into-seasonality-wall

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