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05.05.26 - 06:36
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Record low: Rupee falls to 95.40 against US dollar (Times of India)
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The Indian rupee plunged to a record low of 95.40 against the US dollar on Tuesday, extending its decline amid escalating Middle East tensions and elevated crude oil prices. This global uncertainty is impacting financial markets, with Indian benchmark indices also trading lower. Analysts anticipate continued pressure on the rupee due to persistent dollar demand and foreign fund outflows....
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02.05.26 - 04:12
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Banks should get more active in offshore rupee trade: RBI (Times of India)
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RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers, aiming to bring rupee price discovery onshore. This move seeks to counter offshore non-deliverable forward markets' influence on the rupee and reduce arbitrage. Malhotra also highlighted the need for improved liquidity in government securities and expanded access to the FX retail platform for fair customer deals....
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01.05.26 - 04:00
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Rupee breaches 95 intra-day as crude leaves markets guessing (Times of India)
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The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global oil prices....
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