The Indian rupee hit a record low of 95.20 against the U.S. dollar in early interbank trading, falling 32 paise from its previous close. The currency opened at 95.01 before slipping further into fresh all-time-low territory, marking a notable acceleration in the rupee's depreciation trend. The interbank foreign exchange market sets the benchmark rate at which banks trade currencies with each other, and moves here quickly feed into rates for importers, exporters, and businesses with dollar-linked costs or revenues. A weaker rupee raises the cost of imports priced in dollars, including crude oil, electronics, and industrial inputs, which can push up domestic prices. Exporters, on the other hand, may benefit from higher rupee-equivalent earnings on overseas sales. Watch for any response from the Reserve Bank of India, which has previously intervened in currency markets to curb sharp rupee moves. The direction of the dollar globally and foreign capital flows into Indian markets will be key factors shaping the rupee's next move.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
