#currency
Asian Currencies Rally on AI Enthusiasm, US-Iran Peace Hopes
Asian currencies extended a rebound as the artificial intelligence trade gathered pace and sentiment improved on hopes of a peace deal between the US and Iran.
Rupee slides past 95.43/$ as economic worries mount on renewed US-Iran tensions
State-run banks were spotted offering dollars near the rupee’s record low, which traders said were most likely on behalf of RBI and intended to prevent the currency from falling to the key psychological level of 95.50
Rupee falls 11 paise to 94.95 against US dollar in early trade
At the interbank foreign exchange market, the rupee touched 94.95 against the US dollar in initial trade, registering a fall of 11 paise over its previous close
On-shoring global rupee market: Indian banks will need to evolve as market-makers globally, says RBI Guv Malhotra
This observation comes in the backdrop of the Rrupee breaching the 95 to the Ddollar mark in intraday on Thursday for the first time since March 30, 2026, and closing at an all time low of 94.91 per US Ddollar
Why the rupee has fallen steeply
Despite the economy doing well, there was sustained foreign capital outflow which put pressure on the rupee and affected the sentiment around it