In a report earlier this month, it forecast more weakness for the Indian rupee. It expects the Indian rupee to appreciate modestly above the 90 level in 2026, targeting 90.80 by the September 2026 quarter.
Stablecoins are rapidly emerging as a critical financial tool for everyday users seeking protection against currency depreciation and financial instability.
Sensex suffered loss of 0.63% at 84,679.86, while the Nifty 50 down by 0.64% at 25,860.10. Among the sectors, Nifty Realty emerged as the top laggard. Others including Nifty Bank, Nifty Oil & Gas, and Nifty Pharma all closed lower while on the upside was Nifty Consumer Durables index.
The Indian rupee touched a historic low on Tuesday, breaching the 91-mark against the US dollar for the first time. The sharp fall highlights growing pressure on the domestic currency amid continued foreign fund outflows and weak capital inflows.
As per the data released by the Ministry of Commerce and Industry, the WPI inflation in November rose to -0.32% against -1.21% in October. The decrease was primarily driven by decrease in prices of food articles, mineral oils, crude petroleum and natural gas, the manufacture of basic metals
About a fortnight after breaching 90 mark, the Indian Rupee is inching towards 91, hitting a fresh all-time low. At the time of filing this report, the Rupee was trading at 90.904 per US dollar, with an intraday high of 90.957, just shy of 91.
Global credit rating agency Fitch Ratings on Thursday flagged that failure to sufficiently hedge foreign-exchange (FX) exposure could exert pressure on credit ratings for certain Indian corporates, particularly those with significant vulnerability to rupee depreciation.
Indian markets, both equities and commodities, are signalling optimism despite global uncertainty, Kotak Securities' 2026 Market Outlook said Wednesday, as it delved into macro trends, sector opportunities and commodity forecasts investors should track in the year ahead.
New Delhi [India], December 10: Zurich Kotak General Insurance Company (India) Limited (Formerly known as Kotak Mahindra General Insurance Company Limited) Zurich Kotak General Insurance Company (India) Limited is a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank.
India's foreign exchange reserves declined by USD 1.877 billion in the week that ended November 28 to USD 686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.