The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.17% lower at 99.26
The local currency has declined about 3% since the Iran war began on February 28, hurt by an over 50% surge in oil prices and severe disruptions to gas supplies
The shift comes amid a weakening rupee, elevated crude oil prices, and sustained capital outflows, all of which have heightened uncertainty around currency movements.
A prolonged spike in crude prices could slow growth and stoke inflation in the world's third-biggest oil importer and consumer
Capital flows are in the midst of a tough phase, which has had a knock-on effect on the composition of foreign exchange reserves. RBI may increase interest rates sooner than later to offset narrow interest rate differentials
India’s forex assets, excluding gold, are now just enough to cover for 8.7 months of imports, the lowest in three years
Brent crude oil prices have climbed about 40% since the Iran War began
The Iran war has shaken global markets and strengthened the dollar. Yet the rupee’s fall has been milder than many of its peers
The forex stockpile fell by $11.68 billion in the week of March 6, according to Reserve Bank of India data released Friday
The rupee weakened to 92.4750 per dollar, eclipsing its previous all-time low of 92.3575 hit on Thursday. It closed at 92.4550, down 0.7% on the week
The rupee fell to a record low of Rs 92.37 on March 12 before paring some the its losses.
"If the rupee keeps on depreciating, the subsidy bill for the government could increase—mainly on fertilizers," the source said.
The rupee rallied at the open to 90.4550 per dollar after settling at 90.70 in the previous session
The dollar softened after US retail sales data pointed towards a cooling economy, giving room for the Federal Reserve to cut rates
The dollar is in deliberate retreat, central banks are hoarding gold, and the post-war monetary order is shifting. New Delhi has a narrow window to turn upheaval into advantage, and it can move faster now
The rupee opened 10 paisa higher on February 9 after sentiment turned positive post the US-India trade deal
While traders and analysts say that the trade breakthrough has lifted the pall over the rupee, a sustainable rally would depend on a bounceback in foreign portfolio inflows
The Indian currency was trading lower on February 4, with traders staying on the sidelines ahead of the MPC review
Despite the rupee weakening against the dollar, Indians can still travel abroad in 2026. Here are 5 affordable international destinations offering great value despite currency volatility.
The rupee gained a percent in the previous session following the India-US trade deal announcement, the euphoria now seems to be fizzled out
The India–US trade deal has taken pressure off the currency. The real question is whether flows and fundamentals can do the rest.
The local currency traded higher on February 3, after a late-night US trade deal spurred investor optimism
One-month USD/INR non-deliverable forwards fell as much as 0.4 percent to 90.28, extending an overnight decline of about 1.3 percent
Finance Minister Nirmala Sitharaman said that the country’s macroeconomic fundamentals remain strong and the banks are closely monitoring the situation.
Budget measures to enhance FPI inflows, RBI selling US dollar seen propping up the rupee