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INR slides further as renewed geopolitical tensions led to surge in crude oil prices
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%).
Indian banks more exposed to West Asia crisis among APAC region: Moody's
Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.
INR settles on flat note amid renewed tensions between the US and Iran
The Indian rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the US dollar on Wednesday, as renewed tensions between the US and Iran and delays in negotiations kept investors cautious. Meanwhile, an uptick in American currency and weak domestic markets also pressured the rupee. Attention has shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled between June 3 and 5. At the interbank foreign exchange market, the rupee opened at 95.60 against the US dollar, and touched an intra-day low of 95.79 against the American currency. The BSE Sensex settled 141.90 points (0.19%) lower at 75,867.80, while the NSE Nifty 50 marginally dipped 6.55 points (0.03%) to close at 23,907.15.
INR slides on renewed geopolitical tensions in West Asia
The Indian rupee depreciated 47 paise to close at 95.73 (provisional) against the US dollar on Tuesday, on renewed geopolitical tensions in West Asia and a rise in crude oil prices. Brent crude futures for August delivery jumped more than 3 percent above $96 a barrel after the U.S. conducted 'self-defense strikes' on Iranian missile launch sites and boats near the Strait of Hormuz, clouding the outlook for an interim deal between Washinton and Tehran. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American currency. Indian shares fell notably on Tuesday after American forces hit missile launch sites in Iran and boats trying to place mines, denting hopes of an imminent peace deal.
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability
Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.
INR settles around record low level as energy crisis deepen
The Indian rupee weakened further and fell to a record low of 95.73 (provisional) against the US dollar on Thursday, amid a strong dollar and worries over inflation amid elevated energy prices. International oil prices continued to hold around $100 per barrel mark that kept rupee under pressure. The rupee is expected to trade with a negative bias amid inflation concerns and the strength of the US dollar in the overseas market. The West Asia crisis and the blockade of the Strait of Hormuz have disrupted crude petroleum imports into India. Investors also awaited the outcome of U.S. President Donald Trump's summit with Chinese President Xi Jinping in Beijing. However, positive local equities limited losses in the domestic unit to some extent. Indian equity markets settled sharply higher for the second consecutive session, with the Sensex rising 789.74 points (1.06%) to 75,398.72 and the Nifty gaining 277 points (1.18%) to 23,689.60.
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
Benchmarks snap 4-day losing streak; Nifty settles above 23,400
Domestic equity benchmarks Sensex and Nifty snapped a four-session losing streak to close higher on Wednesday, aided by value buying in beaten-down stocks. Market recovered from early volatility and profit booking to rebound sharply from intraday lows, with the Nifty settling above the 23,400 mark. Gains were led by metal, consumer durable and energy shares, while IT and auto stocks remained under pressure. However, overall sentiment stayed cautious amid elevated crude oil prices, persistent foreign institutional investor outflows, rupee weakness and lingering global inflation concerns. The Indian rupee also touched a fresh intraday record low of 95.80 against the US dollar.
Rupee slips to its lowest-ever intraday level of 95.80 against the US dollar
The Indian rupee hit a record low of 95.71 against the US dollar due to high energy prices and overseas debt repayments. Despite tariff hikes on precious metals, economists warn of sustained pressure on the currency amid rising inflation and geopolitical tensions.
INR collapses to fresh record low
The Indian rupee is seen collapsing to new record lows against the dollar in opening trades on Tuesday amid rebound in oil prices and dollar index edging higher. US President Donald Trump reportedly said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close.
Upcoming dividends, stock splits and bonuses this week: SBI, Godrej Consumer Products, Manappuram Finance, IEX among others in focus - Upstox
Upcoming dividends, stock splits and bonuses this week: SBI, Godrej Consumer Products, Manappuram Finance, IEX among others in focusUpstox