Page 7 - Indian Rupee

Rupee recovers to 96.43 after hitting 100/USD in 1-year forward market

The rupee recovered 41 paise from its all-time closing low to 96.45 against US dollar in early trade on Thursday, after US President Donald Trump indicated that negotiations with Iran were entering the final stages. Investors are still gauging the geopolitical risk and oil price sensitivity in the background with any flare-up in the Middle East tensions or spikes in crude, forex traders said. At the interbank foreign exchange market, the rupee opened at 96.25 against the US dollar, then touched 96.45 in early trade, up 41 paise from its all-time lifetime low of 96.86 against the US dollar on Wednesday. On Wednesday, the rupee made a new low of 96.95 and later closed at 96.86 which was also a new closing low as demand for dollars continued with dollar index higher and crude oil prices remaining on the higher side near to USD 110 during the day. "From a technical perspective, the 97.00 zone is expected to act as an immediate resistance area for USDINR, while support may emerge around

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

RBI weighs all options including rate hike, forex swaps to stabilise rupee

The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022

Rupee hits record low of 96.96/$ on oil, US Treasury yield strain

The rupee slid to ‌96.96 per dollar, breaching its previous record low of 96.6150 hit in the prior session, and ended the day at 96.82

Global investors expect rupee to weaken further with 100 in sight

The rupee was already under pressure before the West Asia conflict began, weighed down by widening external balances and foreign fund outflows

Rupee hits fresh record low of 96.90 against US dollar in early trade

The rupee depreciated 20 paise to an all-time low of 96.90 against the US dollar in early trade on Wednesday weighed down by a strong dollar and elevated crude oil prices amid simmering Iran-US tensions. Forex traders said the outflow by FIIs and decline in equity benchmark indices also pressured the rupee. At the interbank foreign exchange market, the rupee opened at 96.89 against the US dollar, then slipped further to 96.90, registering a fall of 20 paise from its previous close. On Tuesday, the Indian rupee slumped for the eighth consecutive session and ended 50 paise down at its record low of 96.70 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.262, up 0.01 per cent. Brent crude, the global oil benchmark, was trading down 0.35 per cent USD 110.59 per barrel in futures trade. On the domestic equity market front, Sensex tanked 517.11 points to 74,667.51 in early trade while Nifty .

Rupee slips to lifetime low of 96.44 against US dollar as oil prices rise

The rupee opened with a negative bias amid a strong dollar and rising US treasury yields and depreciated 18 paise to 96.38 against the US dollar as market sentiments continue to dampen amid simmering tensions between the US and Iran. Forex traders said rupee remains vulnerable to the rise in crude oil prices as also the closure of the Strait of Hormuz hampering its exports and imports to the Gulf countries. At the interbank foreign exchange market, the rupee opened at 96.38 against the US dollar, registering a fall of 18 paise from its previous close. On Monday, the Indian rupee weakened further and closed at a record low of 96.20 against the US dollar. "The market's biggest challenge right now is not just direction -- it's confidence. Until there is visible cooling in global tensions and stability in foreign flows, the rupee may continue trading under pressure with volatility staying elevated," CR Forex Advisors MD Amit Pabari said. Pabari further added that technically, 94.8095.

Rupee hits record low of 96.25 against US dollar amid oil price surge

At the interbank foreign exchange market, the rupee opened at 96.19, then fell further to 96.25 against the US dollar, registering a fall of 44 paise from its previous close

Rupee hitting 100 per dollar in the next six months? Not soon, say experts

Market participants said that any sharp depreciation towards the 100/$ level may prompt policy responses from the government and the RBI, similar to measures introduced during the 2013 currency crisis

At a fresh low: Rupee slips past 96 on stronger US dollar index

SBI report says another ₹2 depreciation wipe out oil co's gain; Bond yields harden after fuel price hike

Rupee slides to record low past 96/$ as oil nears $110 per barrel

The rupee opened on a weaker note and fell 30 paise to 95.94 on Friday after hitting new lows over three straight sessions, as elevated crude oil prices, a strong dollar, and concerns over the West Asia crisis weighed on investor sentiment. Forex traders said USDINR is under pressure and hovering very close to the 96 mark as dollar buying continues amid upside in oil prices. Moreover, the Summit between US President Trump and Chinese President Xi did not yield any fruitful results, particularly on the US-Iran front, denting investor sentiments further. The USD/INR pair, which had slumped to 95.96 against the American currency on Thursday, recovered sharply after reports surfaced that India is considering a major cut in taxes paid by foreign investors on Indian bonds. On Friday, the government hiked the petrol and diesel prices by Rs 3 per liter in the latest move to curb the demand of these fuels. At the interbank foreign exchange market, the rupee opened at 95.86, then fell furth

'Fuel price hike raises inflation woes; Rupee eyes 96.80 on higher crude'

Petrol and diesel prices were raised by ₹3 per litre as Brent crude stayed above $105 per barrel. Here's how rising fuel prices could impact inflation and the rupee

Rupee hits record low: What Govt, RBI may do next to defend INR vs dollar

Rupee fall in 2026: Emkay Global warns India may need rate hikes by RBI, tighter remittance rules and other policy measures to defend the rupee if crude oil prices remain above $100 per barrel

Fuel price hike shows global oil stress; Rupee seen in ₹96-98 range in FY27

India raised petrol and diesel prices for the first time since 2022 as global crude prices stayed elevated. Here's how the government, OMCs and consumers are sharing the oil shock

Rupee nears 96/$ amid aggressive importer dollar demand, before rebound

The rupee hit a fresh low amid importer dollar demand and inflation concerns, before reports of possible tax cuts for foreign bond investors triggered a brief recovery

Rupee declines 20 paise to all-time low of 95.86 against US dollar

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. "From jewellery showrooms

Rupee weakens to record closing low, approaches 96 against the dollar

Persistent importer demand, elevated crude oil prices and West Asia tensions pushed the rupee to a record closing low despite RBI intervention

India's foreign exchange reserves still robust to defend rupee: Economists

The central bank's reserves, despite being among the world's biggest, are facing tougher scrutiny from investors as the rupee hits record lows

Rupee hits fresh low of 95.75 per dollar amid crude oil, FPI pressure

Worst-performing Asian currency in 2026, second-worst since Iran war

Rupee falls to record low of 95.63 against US dollar in early trade

The rupee depreciated 35 paise to a record low of 95.63 against the US dollar in early trade on Tuesday, after US President Donald Trump said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close. On Monday, the rupee tanked 79 paise to settle at its record low of 95.28 against the US dollar. "Oil prices were largely steady in Asian trade on Tuesday after climbing nearly 3 per cent in the previous session, as US President Trump said that the ceasefire with Iran was on life