Bharatiya Janata Party (BJP) leader Sudhir Mungantiwar on Tuesday addressed concerns over the value of the Indian rupee, asserting that the goal is to keep the country in the top two in the world by the end of the centenary celebration.
At the time of market closing, Sensex was up 397.74 points or 0.49% at 82,307.37 while Nifty was up 132.40 points or 0.53% at 25,289.90. Indian rupee ended higher at 91.62 per dollar against previous close of 91.7.
India's much-discussed "Goldilocks" economic narrative is increasingly showing signs of strain, with weak tax buoyancy and shrinking fiscal space creating a policy gridlock, according to a report by Systematic Research.
The Indian rupee, which breached the psychological level of 90 against the US dollar earlier this month, has shown signs of stabilisation, with recent movements indicating that the worst phase of depreciation may be behind, according to a market report by Invesco Mutual Fund.
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.
Geopolitical developments could also influence prices in the coming months. "Russia and Ukraine are serious about settling down. There are peace talks happening," he said. He also referred to trade discussions, noting, "Between India and the US, tariff talks are going on. If these two subjec
However, the Indian rupee witnessed heightened volatility during the week and appreciated ~1.27% last week after hitting fresh all-time lows of Rs 91.09 against USD on 16th Dec'25, influenced by weak global cues from the US, major central banks policy decisions, ongoing trade negotiations, a
The Indian Rupee, which has been under pressure in recent times, is likely to bounce back strongly in the second half of the next financial year, from October 2026 to March 2027, according to a report by the State Bank of India (SBI).
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.
The trade deficit of the country is likely to settle around current levels of November in the near to medium term, with a weaker rupee expected to help keep the gap between exports and imports under control, according to a report by Nuvama.
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.