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Rupee posts biggest one-day fall in over three weeks amid stronger dollar
The rupee weakened 59 paise against the US dollar as broad dollar strength, weaker Asian currencies, importer demand and foreign portfolio outflows weighed on sentiment
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.
Rupee Slides 67 Paise To Close At 95.23 Against US Dollar As Greenback Strengthens
On Tuesday, the rupee had depreciated by 5 paise to close at 94.56 against the US dollar.
Markets rebound sharply as GST collections stay strong and crude oil eases
On the macro front, Indias gross GST collections rose 13.9% year-on-year to Rs 1.95 lakh crore in June, signalling sustained strength in domestic demand and healthy external trade. However, the HSBC India Manufacturing PMI eased to 54.2 in June from 55.0 in May, indicating a moderation in factory activity, though it remained comfortably in expansion territory. Meanwhile, the rupee weakened against the U.S. dollar during the session.
Japanese Yen sinks to weakest level since 1986: 3 reasons behind the historic slide
The yen has reached its lowest point against the US dollar in almost 40 years, prompting worries of intervention from Japanese authorities. The decline is fueled by a strong dollar, expectations of US rate hikes, and growing bearish bets on the yen, despite Japan's recent economic improvements.
Bitcoin slides to lowest level in 21-months amid rate hike as US dollar strengthens
"Hawkish comments by US Federal Reserve policymakers are fueling expectations for higher rates, encouraging capital away from assets like cryptocurrencies that don't pay a yield. Investors pulled more than $4 billion from US-listed Bitcoin exchange-traded funds in June, the most since they launched two years ago."
India's external financial position improves in FY2025-26
At the end of March 2026, net claims of non-residents on India declined by US$ 52.4 billion to US$ 209.9 billion during the January-March quarter. The improvement was driven by a US$ 40.1 billion decline in foreign-owned assets in India and a US$ 12.3 billion increase in Indian residents overseas financial assets. Exchange rate movements also affected the value of liabilities in US dollar terms.
Aluminum Falls To Lowest Since February As Dollar Strengthens
The industrial metal extended losses afterdropping by 16%in June, the biggest monthly decline since 2008.
KPIT Tech says Q2 revenue will be same as Q1; Stock falls 15% after warning, JPM downgrade
Along with the drop in US Dollar revenue, KPIT Tech also expects its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), and net profit margins to decline on a sequential basis, along with a limited room for cost optimization in the near-term.
Rupee weakness eases against dollar amid improving macro signals
Indian rupee opens slightly weaker at 94.68 against US dollar as lower oil prices, RBI measures and returning foreign investors lift optimism for Indian markets.
Rupee opens 2 paise lower at 94.68 against US dollar
The Indian rupee opened lower at 94.68 against the US dollar due to weaker Asian currencies and higher US Treasury yields. Despite pressures, RBI interventions have limited declines. A potential India-US trade agreement may boost investor confidence and support the rupee's outlook.
Gold price today: Gold rate falls 1%, silver crashes 2% on MCX on a stronger dollar, Fed rate-hike bets
As per MCX, domestic spot gold prices dropped by ₹15,100, or nearly 10%, in June to come to ₹1,40,864 per 10 grams, while silver rates declined by ₹38,250, or almost 15%, in June to settle at ₹2,25,125 per kg on 30 June.