The rupee dived the most in more than two months on a day India's prime equity gauges posted their longest losing run in a quarter century, falling half a percentage point to 96.3150 against the dollar.
Rising US bond yields dented emerging market currencies, evident in the sharp climb in the dollar index to 101.9.
The rupee closed the previous session at 95.83 a dollar. Its lowest close so far is 96.96 to a dollar, on May 20. It breached the psychological 96-level twice in three days.
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Rupee sinks to 96.31, logs biggest fall in over 2 months
The Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which have exerted pressure on emerging market currencies. Additionally, Indias primary equity indices have encountered their most prolonged downturn in 25 years, signaling a turbulent market climate. In tandem, the dollar index has surged to 101.9, exacerbating…
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- The Economic Times
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- 101 words · 1 min
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This story was reported and first published by The Economic Times on 1 October 2026. HUE Legacy Ventures did not write it.
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