# Indian rupee hits record low as emerging market rout intensifies

> The Indian rupee fell to a record low of 68.8650 against the dollar on November 24. The decline was driven by a rallying US dollar, capital outflows from emerging markets, and concern over India's demonetisation drive.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/74119-indian-rupee-hits-record-low-as-emerging-market-rout-intensifies
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rupee raises the dollar cost of Indian imports of feed inputs and energy, while the broad emerging-market sell-off tightens financing for importers. Buyers should expect higher landed costs for dollar-priced feed ingredients.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | -0.8% | -0.9% |
| DXY | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | +0.5% | +0.8% |
| DXY | 2022-09-26 | [Indian rupee at record low, with central bank likely helping cap slide - Markets - Business Recorder](https://feedsoft.ai/events/39851-indian-rupee-at-record-low-with-central-bank-likely-helping-cap-slide-markets.md) | +0.2% | +0.6% |
| DXY | 2023-05-30 | [Indian rupee closes down; forward premiums hover around 2023-lows - Markets - Business Recorder](https://feedsoft.ai/events/36227-indian-rupee-closes-down-forward-premiums-hover-around-2023-lows-markets.md) | -0.5% | -1.4% |
| DXY | 2025-11-01 | [Indian Rupee Nears Record Low as Fed-Driven Strong Dollar Weighs](https://feedsoft.ai/events/22692-indian-rupee-nears-record-low-as-fed-driven-strong-dollar-weighs.md) | +0.0% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/india-rupee-idUSL4N1DP20K/?feedName=usDollarRpt&feedType=RSS

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