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23.03.26 - 16:36
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Rupee breaches 94 against dollar for first time, closes flat after recovery (Times of India)
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The Indian rupee hit an all-time low against the dollar, breaching 94 for the first time amid Middle East tensions, significant foreign fund outflows, and soaring crude oil prices. This sharp decline, extending since the regional conflict began, has put pressure on Asia's third-largest economy, highly reliant on imported energy. The Reserve Bank of India is reportedly offering mild support....
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19.03.26 - 09:30
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Rupee weakens in NDF, set to slip past 93 as oil surges; RBI steps up key tool (Times of India)
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The Indian rupee plunged to a record low of 93.36 against the US dollar amid global market volatility and a strong dollar. The Reserve Bank of India has significantly ramped up its intervention using forward contracts, with its net-short dollar position nearing $100 billion. This stepped-up intervention aims to stabilize the rupee amidst renewed pressure on emerging market currencies....
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