# What’s moving the rupee - The HinduBusinessLine

> The rupee kept falling after Donald Trump's election, reaching 68.86 against the dollar on November 24, below its previous low from August 2013. Foreign portfolio investors pulled $1.87 billion from equities and $3.67 billion from debt in November. Emerging-market currencies broadly weakened, with the Mexican peso down about 11 percent.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/74120-what-s-moving-the-rupee-the-hindubusinessline
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sustained foreign outflows and a stronger dollar raise the rupee cost of dollar-denominated imports and pressure Indian importers' margins. The article also points to a possible December Fed rate hike as a further source of dollar strength.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine](https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline.md) | +0.8% | +1.3% |
| DXY | 2017-12-25 | [Dollar steady but its funding costs soar ahead of the year-end - The HinduBusinessLine](https://feedsoft.ai/events/67697-dollar-steady-but-its-funding-costs-soar-ahead-of-the-year-end-the.md) | -1.3% | -3.6% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |
| DXY | 2020-03-13 | [Dollar wins out as pandemic drives rush for liquid assets - The HinduBusinessLine](https://feedsoft.ai/events/6275-dollar-wins-out-as-pandemic-drives-rush-for-liquid-assets-the-hindubusinessline.md) | +3.8% | +1.6% |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/whats-moving-the-rupee/article62312878.ece

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