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The Indian rupee dropped 19 paise to a record low of 95.50 against the US dollar, its weakest level ever. The move raises costs for importers and fuels inflation risks, with currency markets now debating whether the rupee could slide toward the 100-per-dollar mark.
The Indian rupee closed at a record low of 95.31 per US dollar after foreign portfolio investors sold $844 million worth of Indian equities in a single session. The large-scale selling drove sharp dollar demand as investors repatriated funds, pushing the currency to its weakest level ever.
The Indian rupee opened 33 paise weaker at 94.58 per US dollar on Thursday, marking a sharp fall at the start of the session. A weaker rupee raises import costs, especially for crude oil, and could put pressure on inflation and corporate margins.
Japan's finance minister warned markets after the yen fell past 160 per dollar, a level that has previously triggered government currency intervention. A weaker yen drives up import costs for fuel, food, and materials, adding to domestic inflation pressure. Markets are watching for signs that Tokyo may move from verbal
The Indian rupee fell to a record low Thursday as crude oil prices climbed back to 2022 highs. Higher oil costs expand India's import bill, widen its trade deficit, and squeeze the RBI's ability to balance inflation control with growth support. The central bank is now under renewed pressure to intervene in currency
The US dollar surged after US-Iran peace negotiations failed, prompting safe-haven demand for the greenback. The breakdown raises geopolitical risk in the Middle East, pressuring oil-sensitive currencies and complicating rate outlooks. Traders are now watching for escalatory Iranian responses and any follow-on move in
Tag
The Indian rupee dropped 19 paise to a record low of 95.50 against the US dollar, its weakest level ever. The move raises costs for importers and fuels inflation risks, with currency markets now debating whether the rupee could slide toward the 100-per-dollar mark.
1mo ago · 4 min · Markets
The Indian rupee closed at a record low of 95.31 per US dollar after foreign portfolio investors sold $844 million worth of Indian equities in a single session. The large-scale selling drove sharp dollar demand as investors repatriated funds, pushing the currency to its weakest level ever.
1mo ago · 2 min · Markets
The Indian rupee opened 33 paise weaker at 94.58 per US dollar on Thursday, marking a sharp fall at the start of the session. A weaker rupee raises import costs, especially for crude oil, and could put pressure on inflation and corporate margins.
1mo ago · 2 min · Markets
Japan's finance minister warned markets after the yen fell past 160 per dollar, a level that has previously triggered government currency intervention. A weaker yen drives up import costs for fuel, food, and materials, adding to domestic inflation pressure. Markets are watching for signs that Tokyo may move from verbal
2mo ago · 1 min · Global Affairs
The Indian rupee fell to a record low Thursday as crude oil prices climbed back to 2022 highs. Higher oil costs expand India's import bill, widen its trade deficit, and squeeze the RBI's ability to balance inflation control with growth support. The central bank is now under renewed pressure to intervene in currency
2mo ago · 1 min · Markets
The US dollar surged after US-Iran peace negotiations failed, prompting safe-haven demand for the greenback. The breakdown raises geopolitical risk in the Middle East, pressuring oil-sensitive currencies and complicating rate outlooks. Traders are now watching for escalatory Iranian responses and any follow-on move in
2mo ago · 1 min · Global Affairs
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