Market move▼ Bearish for Indian equities
Rupee hits over two-month low amid portfolio outflows; RBI may intervene
The brief
- The rupee fell to its weakest level in more than two months
- Foreign divestment from local assets contributed to the decline
- Rupee weakness raises imported-cost pressure for Indian companies with foreign-currency exposure
- SP Group unit raises $460 million in rupee debt to repay loans
- RBI poised for first rate hike in almost four years as rupee and inflation weigh
- Airlines seek relief on airport charges and fuel costs amid West Asia conflict
- RBI MPC October 2026: Rate-hike dilemma deepens as crude, rupee pressures mount; experts weigh in
- India Inc braces for weaker rupee as importer hedges hit record $77 billion