Market move▼ Bearish for Indian equities
Rupee falls to 96.39 against dollar as oil rises, FII outflows continue
The brief
- The rupee fell to 96.39 per dollar amid rising crude prices and continued FII outflows
- Rupee weakness raises costs for Indian importers, especially oil-dependent companies
- 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