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Indian Rupee

Indian Rupee latest

Indian Rupee hits record low as oil shock tests RBI’s firepower
April 30th, 2026 - 08:49 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Indian Rupee hits record low as oil shock tests RBI’s firepower

ALBAWABA- India’s currency is under renewed strain, with the rupee sliding to a record low against the U.S. dollar in late April, intensifying pressure on the Reserve Bank of India to steady markets while shielding the broader economy. The rupee weakened to around 96 per dollar on Thursday, marking a sharp decline from levels near 91–92 earlier this year and extending a multi-year slide that has eroded more than 12% ...
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Per World Bank figures, around $79 billion remittances were sent to India in 2018. India's foreign reserves, meanwhile, fell $2 billion to $418 billion last week.
May 27th, 2019 - 08:20 GMT

Analysts Expect Indian Rupee to Retreat in Late 2019 Despite Modi's Win

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