The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits, and global tensions, has significantly impacted commodity prices, pushing inflation higher. While the RBI intervenes, the rupee faces a mild depreciating bias.

The Indian rupee falls 8 paise to 95.78 against the dollar amid rising crude oil prices and geopolitical tensions.

The rupee was down 0.1% at 95.7675 per dollar, with trading in Asia thinned out by a clutch of regional holidays

The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery. This depreciation, driven by import reliance, trade deficits,…