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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 soft indicators across Asia. Starting off weak, the rupee continued to face downward pressure throughout the trading day.

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thehindubusinessline.com

economictimes.indiatimes.com

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economictimes.indiatimes.comStai leggendo3 mesi fa

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

originale

thehindubusinessline.com3 mesi 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.

Timeline cronologica

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.
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…