45
Economics2h 44m ago

The Indian rupee weakened to 95.39 against the dollar, marking a 0.45% depreciation for the financial year.

India

Who
Reserve Bank of India, foreign banks, oil firms, investors
What
The Indian rupee weakened to 95.39 against the dollar, marking a 0.45% depreciation for the financial year.
When
Fri, 03 Jul 2026 00:22:00 GMT · 2h 44m ago
Where
India ·
Why
Demand from foreign banks, oil firms, and investor outflows pressured the currency, despite lower oil prices and central bank support.
The Frontline Impact

How this affects you

The Indian rupee's depreciation impacts import costs and inflation within India. It also reflects broader global capital flow dynamics and currency market pressures.

Story chain

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