# Rupee hits new record low of 68.86 - The Statesman

> The rupee fell to a fresh lifetime low of 68.86 against the dollar on November 24, losing 30 paise amid sustained foreign capital outflows. Investors were shifting toward the dollar on expectations of protectionist policies under Donald Trump and expansionary fiscal measures. Surging US bond yields and the dollar's multi-year highs against major currencies added pressure.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/74122-rupee-hits-new-record-low-of-68-86-the-statesman
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising US yields and the dollar's strength tighten conditions for emerging-market currencies, raising the rupee cost of dollar-priced imports. Importers face higher costs and need to plan for continued volatility.

## 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 | 2025-01-31 | [Rupee hits record low amid worries about US tariffs; RBI likely steps in](https://feedsoft.ai/events/26781-rupee-hits-record-low-amid-worries-about-us-tariffs-rbi-likely-steps-in.md) | +0.1% | +0.1% |
| DXY | 2016-11-24 | [Indian rupee hits record low as emerging market rout intensifies](https://feedsoft.ai/events/74119-indian-rupee-hits-record-low-as-emerging-market-rout-intensifies.md) | -0.3% | +0.7% |
| DXY | 2016-11-18 | [Rate hike fears, sell off: 5 reasons why the rupee hit 68 levels today \| News on Markets - Business Standard](https://feedsoft.ai/events/74123-rate-hike-fears-sell-off-5-reasons-why-the-rupee-hit-68-levels-today-news-on.md) | +1.0% | +1.3% |
| 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

- thestatesman.com: https://www.thestatesman.com/business/rupee-hits-new-record-low-of-68-86-plunges-30-paise-2-1502467411.html

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