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A day earlier, the rupee ended at a record low against the dollar amid growing worries over remittances and IT sector growth after the H-1 B visa fee hike
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As global reliance on the US dollar declines, India cautiously adapts—balancing local currency trade, reserve diversification, and strategic autonomy to strengthen its financial resilience in an emerging multipolar global economy
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The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday.
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Rupee is volatile only against the dollar, and many countries are experiencing this, says Sitharaman
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Piyush Goyal on Thursday said the government expects tax revenues to rise, not fall, following the rationalisation of GST rates, as higher demand will offset any rate cuts.
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The Indian rupee has emerged as the worst-performing emerging market currency as President Trump's aggressive 50 percent tariffs trigger unprecedented capital outflows and export challenges for Asia's third-largest economy
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The local currency unit gained 0.31% - its highest intraday gain since July 3 - and closed at 87.4400, compared to Tuesday's close of 87.7125.
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Forex traders said rupee is trading in a narrow range amid extended weakness in the domestic equities and foreign fund outflows may also weigh on the domestic currency.
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The rupee could risk a fall below its all-time low of 87.95 if there are no positive developments around U.S.-India trade negotiations, traders said.
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US imposes 25 per cent tariffs and penalties on India, rattling economic ties and the rupee’s fragile stability
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The CBDC isn’t a feature. It’s a new logic embedded in money. And when logic changes at the base layer, everything upstream — including value chains — changes with it.
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The Iran-Israel conflict, which intensified in mid-June, has reversed the short-lived optimism spurred by temporary tariff freezes and trade deals earlier this year, bulletin said
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So far in June, crude prices have rallied 24 percent to reach $75 per barrel, building on a 4 percent gain in May. The Strait of Hormuz—a strategic chokepoint that handles nearly 20 percent of global oil flows—is now at the center of concern, with markets pricing in potential supply disruptions.
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On June 20, Indian rupee closed at 86.60 a dollar, down 0.2 percent from its Thursday's close of 86.73 a dollar. So far in June, the rupee weakened 1.2 percent while so far in 2025 it has fallen 1.1 percent.
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India relies heavily on overseas crude purchases to meet its energy needs, and rising oil prices pose risks to both the country’s fiscal position and inflation outlook.
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The rupee declined to 86.28 against the U.S. dollar near the end of the trading session, its weakest level since April 9, before closing at 86.24, down 0.2% on the day.
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The RBI’s monetary policy committee is expected to reduce the repo rate by 25 bps, which would be the third rate cut in a row
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On June 4, Indian rupee was under pressure due to dollar demand from oil companies, foreign investors, and importers
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The Reserve Bank of India had dollar repayments of near record high of $84.3 billion as of March as indicated by its net short forwards position
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Currency experts say the rupee will trade with an upper bias throughout the day as concerns over US trade and fiscal policies continue to weigh on the greenback.
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The local currency opened at 85.0650 against the US dollar, as compared to 85.3463 at the previous close against the greenback.
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However, any further escalation on the geopolitical front is likely to add further depreciation pressure on the rupee and bond yields.
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On May 7, rupee depreciated around 20 paise driven by sharp rise in geopolitical tensions
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The local currency remains resilient in the last few days due to positive signals surrounding a potential US-India trade deal
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Last week, Indian rupee witnessed a appreciation of 2.5 percent on positive talks between US and India over tariffs
