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Mumbai, Mar 30 (PTI) The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking the sharpest decline against the greenback in 14 years. In FY12, the domestic currency declined by 12.4 per cent against the dollar at a time when the current account deficit had widened to 4.2 per cent. In the current fiscal year, the steep depreciation was driven by persistent foreign fund outflows, elevated crude oil prices, and a strengthening dollar globally. Volatility in global financi ...Read More >
Mumbai: The Indian rupee weakened 28 paise to 85.75 per dollar on Monday due to strong dollar demand by both foreign and domestic banks, even as other Asian currencies strengthened amid a weaker dollar index. The domestic unit had previously closed at 85.47/$1. The Reserve Bank of India likely intervened by purchasing dollars via state run banks, traders said. The rupee traded in a range of 85.44/$1 to 85.78/$1, LSEG data showed. Dollar index was trading near its 3-year low at 97.1. "There was ...Read More >
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