Thursday, 1 October 2026Updated 15m ago
← Top stories
Market move▼ Bearish for Indian equities

Rupee may weaken to 97, slide to 98.5-99 if key level breaks: Kotak Securities

1 source · first seen 16:31 1 Oct · updated 16:31 1 Oct

The brief

Written from 1 report · check the source before you trade
  • Kotak Securities says the rupee may weaken to 97
  • It could slide to 98.5–99 if a key level breaks
  • A weaker rupee raises import costs for Indian companies, including oil and gas firms

Tags on this story

Pick a tag to see all its stories
Rupee21 todayFII flows37 today

Linked by the tag Rupee

103 stories this week
  1. 1 OctUS 10-year yield at 24-year high rattles Nifty, rupee and bond markets. Why is India hit hard?Market move · 1 source · The US 10-year Treasury yield surged to a 24-year high
  2. 1 OctAnother stock market crash: Nifty, Sensex tank - FII selling, high bond yields, among 5 reasons behind big plungeMarket move · 1 source · Indian equity markets extended losses for the fourth session
  3. 1 OctRBI forex swaps open lower-cost dollar funding route for Indian firmsPolicy · 2 sources · Banks are combining rupee loans, commercial paper or NCDs with dollar-rupee swaps
  4. 1 OctA weak rupee would push RBI to follow tightening pathMarket move · 1 source
  5. 30 SeptIndia RBI's FX forward book tipped to shrink after touching $200 billionMarket move · 2 sources
All Rupee stories →

Read the reports

1 report · earliest 16:31
CNBC-TV18Rupee may weaken to 97, slide to 98.5-99 if key level breaks: Kotak Securities16:31