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Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.81 against US dollar
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....upee hits record low of 96.14/USD, settles at fresh closing low of 95.81 against US dollar<BR>FEMA / RBI<BR>Dated:- 15-5-2026<BR>PTI<BR>Mumbai, May 15 (PTI) The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.81 against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Rupee has registered....
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.... over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Forex traders said global uncertainties, relatively high valuati....
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....ons, and the lack of AI-led investment opportunities have weighed on capital flows. Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries. At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previo....
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....us close. The USD/INR pair finally settled at its lowest-ever closing level of 95.81 against the US dollar, registering a fall of 17 paise from its previous close, helped by likely RBI intervention. On Thursday, the rupee weakened to a record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar. Meanwhile, the dollar index, which gauges the greenba....
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....ck's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent. Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade. On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50. Foreign Institutional Investors remained net ....
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....buyers for the second straight session, purchasing equities worth Rs 1,329.17 crore on Friday, according to exchange data. According to the Commerce Ministry data released on Friday, India's trade deficit widened to USD 28.38 billion in April this year against USD 27.1 billion recorded in the year-ago month and USD 20.67 billion in March 2026. The country's exports rose by 13.78 per cent t....
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....o USD 43.56 billion in April despite global challenges, Commerce Secretary Rajesh Agrawal said, adding that imports grew 10 per cent year-on-year to USD 71.94 billion. Anuj Choudhary, Research analyst at Mirae Asset ShareKhan, said the rupee is expected to trade with a negative bias on elevated crude oil prices and inflation concerns. "Strong dollar and FII outflows may also weigh on the r....
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....upee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," Choudhary said. Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a....
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.... high note, but no deals on any contentious issues were announced. Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside. PTI DRR HVA =============<BR> News - Press release - PIB....
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