Rupee falls two paise to close at fresh record low of 95.25 against U.S. dollar
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Summary
Forex traders said Brent oil, hovering near $110 per barrel, is maintaining pressure on oil-importing economies like India; moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further.
Key Facts
Type Policy
Source The Hindu - Business
Published Tuesday, 5 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right
Amendment History
3 changes recorded for this policy.
Description Tuesday, 5 May 2026 via the_hindu_business
At the interbank foreign exchange market, the rupee touched 94.95 against the U.S. dollar in initial trade, registering a fall of 11 paise over its previous close
Description Wednesday, 6 May 2026 via the_hindu_business
At the interbank foreign exchange market, the rupee touched 94.95 against the U.S. dollar in initial trade, registering a fall of 11 paise over its previous close
Description Wednesday, 6 May 2026 via the_hindu_business
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 97.79, down 0.66%