Rupee near record low: Why RBI’s multiple defences are losing effectiveness
First reported 8 Oct, 08:06 UTCUpdated 3d ago3 sources
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The Indian Rupee is just 0.2% away from its record low of 96.97 per dollar, reached in May 2026, highlighting the growing pressure from elevated crude oil prices, rising global bond yields and continued foreign portfolio outflows.
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Mumbai: The rupee depreciated by 13 paise to close at 96.88 (provisional) against the US dollar on Thursday, on risk aversion in global markets amid escalation of geopolitical tensions. Forex traders said the rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength (DXY trading…
The Indian Rupee is just 0.2% away from its record low of 96.97 per dollar, reached in May 2026, highlighting the growing pressure from elevated crude oil prices, rising global bond yields and continued foreign portfolio outflows.
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- Rupee near record low: Why RBI’s multiple defences are losing effectiveness (opens Business Today in a new tab)
The Indian Rupee is just 0.2% away from its record low of 96.97 per dollar, reached in May 2026, highlighting the growing pressure from elevated crude oil prices, rising global bond yields and continued foreign portfolio outflows.
- Rupee falls 13 paise to close at 96.88 against US dollar (opens Deccan Herald in a new tab)
Mumbai: The rupee depreciated by 13 paise to close at 96.88 (provisional) against the US dollar on Thursday, on risk aversion in global markets amid escalation of geopolitical tensions. Forex traders said the rupee is under pressure amid persistent macroeconomic headwinds, including global dollar strength (DXY trading…
