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Rupee drops on dollar demand from oil cos, nearly erases RBI-led gains

The Indian rupee fell 0.5% against the dollar due to oil firms' demand, nearly negating RBI's earlier gains.

Raccontata datimesofindia.indiatimes.comeconomictimes.indiatimes.comthehindubusinessline.com

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3 prospettive sulla stessa storia
AI · summaries
thehindubusinessline.comStai leggendo11 h fa

Rupee drops on dollar demand from oil cos, nearly erases RBI-led gains

Rupee dropped 0.5% to 95.76/USD as oil firms' dollar demand and US-Iran escalation overwhelmed Reserve Bank of India's recent support measures. Emerging-market currency weakness, combined with US inflation hitting 3-year high at 4.2%, pressures offshore IT outsourcing and cloud infrastructure costs.

originale
economictimes.indiatimes.com10 h fa

Rupee drops to 95.76 vs USD on dollar demand from oil cos, nearly erases RBI-led gains

Thursday saw the Indian rupee slip against the U.S. dollar, negating earlier improvements that were supported by measures from the central bank. The currency's decline was influenced by ongoing demand from oil firms and…

Leggi questa versione → originale
timesofindia.indiatimes.com3 g fa

Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar

The rupee surrendered most of its previous session's gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices and a stronger greenback amid escalating…

Leggi questa versione → originale

Timeline cronologica

  1. lunedì 8 giugno 2026·timesofindia.indiatimes.com

    Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar

    The rupee surrendered most of its previous session's gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices and…

  2. martedì 9 giugno 2026·economictimes.indiatimes.com

    Analysts see RBI measures steadying rupee, push back depreciation forecasts

    The Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts have revised depreciation forecasts…

  3. martedì 9 giugno 2026·thehindubusinessline.com

    Rupee gains as oil retreat soothes, inflow expectations erode weakening bias

    The rupee closed at 95.35 per dollar, up 0.4% from its close in the previous session.

  4. mercoledì 10 giugno 2026·thehindubusinessline.com

    Rupee ends nearly flat on competing oil, intervention and NDF maturity cues

    The rupee closed at 95.2650 per dollar, up marginally compared to its close of 95.35 in ‌the previous session.

  5. giovedì 11 giugno 2026·thehindubusinessline.com

    Rupee drops on dollar demand from oil cos, nearly erases RBI-led gains

    The Indian rupee fell 0.5% against the dollar due to oil firms' demand, nearly negating RBI's earlier gains.

  6. giovedì 11 giugno 2026·economictimes.indiatimes.com

    Rupee drops to 95.76 vs USD on dollar demand from oil cos, nearly erases RBI-led gains

    Thursday saw the Indian rupee slip against the U.S. dollar, negating earlier improvements that were supported by measures from the central bank. The currency's decline was…