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Rupee weakens in NDF, set to slip past 93 as oil surges; RBI steps up key tool

The rupee fell 49 paise to hit a record low of 92.89 against the US dollar in early trade on Thursday, amid sustained pressure from a strong dollar and global market volatility.As the currency weakened, the Reserve Bank of India has significantly increased its market intervention using forward contracts, Bloomberg reported citing people familiar with…

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El Niño warning signs grow as La Niña weakens in the Pacific, raising 2026 heat risks worldwide | World News

El Niño warning signs grow as La Niña weakens in the Pacific, raising 2026 heat risks worldwide El Niño might be back later this year; major climate agencies that closely watch the tropical Pacific have recently updated their outlooks. Latest observations indicate that the ongoing La Niña event is losing its strength as the sea…

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US markets today: Wall Street drifts lower as White House–Fed feud unnerves investors; dollar weakens, gold gains

US stocks edged lower on Monday as investors showed signs of unease over a sharp escalation in tensions between the White House and the Federal Reserve, two Washington institutions whose independence markets have traditionally taken for granted. The S&P 500 slipped 0.3 per cent from its record high, while assets that typically benefit during periods…

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Rupee weakens 14 paise, closes at 90.16 against dollar | India News

MUMBAI: The rupee weakened on Friday due to dollar demand from maturing offshore positions and corporate hedging. It closed at 90.16 per dollar, 14 paise down from its previous close. Falling equities added to the pressure. Elevated dollar demand weighed intraday, though sporadic dollar sales near the lows capped losses and kept sentiment cautious.“The rupee…

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December PMI data: Services growth cools down to 11-month low; hiring momentum weakens at year end

This is a representative image. India’s services sector lost momentum at the end of 2025, with growth moderating in December as incoming demand softened and companies held back on hiring, according to a monthly survey released on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index declined to 58.0 in December from 59.8…

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Rupee hits new record low: Currency weakens to 90.46 versus US dollar; RBI likely intervened to stem fall

Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…

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