The rupee opened on a weak note and depreciated 20 paise to a record low of 95.86 against the US dollar in early trade on Thursday, weighed down by elevated crude prices and concerns over the West Asia crisis.
The rupee has now weakened by more than 6 per cent against the US dollar since the West Asia conflict began, making it Asia's worst-performing currency so far in 2026.
In a major move aimed at protecting foreign exchange reserves, India raised import duties on gold and silver from 6 per cent to 15 per cent, but traders said the rupee's path will be shaped less by gold and more by crude's trajectory and the West Asia situation.
At the interbank foreign exchange market, the rupee opened at 95.74, then fell further to a record low of 95.86 against the US dollar, registering a fall of 20 paise from its previous close.
The rupee on Wednesday slipped to an all-time low of 95.80 against the US dollar, and settled at 95.66 near its record closing low level.
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At the interbank foreign exchange market, the rupee opened at 95.74, then fell further to a record low of 95.86 against the US dollar, registering a fall of 20 paise from its previous close

Press Trust of India

Sensex Today | Stock Market LIVE Updates Thursday: In the broader markets, the Nifty MidCap was up 0.09 per cent, while the Nifty SmallCap was down 0.77 per cent

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Business Standard

Value of gold imports rose in FY26 even as volumes fell. Apurva Sheth of Samco explains why higher gold duty may not curb demand and why fuel price hikes could better protect India's fiscal position

Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities

Sugar stocks including, Dwarikesh Sugar, and Balrampur Chini fell up to 4 per cent in trade after the government prohibited sugar exports with immediate effect until September 30.

Sugar stocks fall

Muthuselvaraj M,  Research Analyst at Mirae Asset Sharekhan believes that both Eternal and Maruti have corrected significantly from their respective peaks and are now showings some signs of strength.

Eternal, Maruti Suzuki shares can rally up to 30% from here, says analyst at Mirae Asset Sharekhan.

Nomura has maintained a 'Buy' on Titan with an unchanged target price of ₹4,950, based on 60x March 2028 earnings per share (EPS)

gold, gold prices, gold silver prices

Zaggle Prepaid reported a 50 per cent year-on-year (Y-o-Y) jump in revenue from operations to ₹618 crore compared to ₹412 crore in the year-ago period

Zaggle Prepaid Ocean Services Limited

Going forward Cipla's management expects to pick up momentum in FY27 and aspires $1 billion revenue from the US itself.

Cipla plans acquisitions to take top spot in South Africa drug market

Cipla

In the March quarter (Q4FY26), Kaynes Technology reported a 21.5 per cent decline in net profit to ₹91.2 crore, as compared to ₹116.2 crore Y-o-Y

Kaynes Technology share price

Hindustan Petroleum reported a consolidated net profit of ₹6,065.26 crore, up 77 per cent from ₹3,415 crore in the year-ago period

HPCL Q4 results

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Zaggle Prepaid falls 19% despite strong Q4; JM Financial eyes 34% upside

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