Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › Rupee Slide Tests RBI’s Multiple Defenses as Record Low Nears
World News

Rupee Slide Tests RBI’s Multiple Defenses as Record Low Nears

Bloomberg Markets Thursday 08 October 2026, 07:22 UTC By Subhadip Sircar and Bhaskar Dutta 1 min read
Key Points

Currencies Rupee Slide Tests RBI’s Multiple Defenses as Record Low Nears India’s central bank has put all kinds of support around the rupee, and it’s only just stopping the currency from hitting a record low. The currency is 0.2% away from its weakest level of 96.97 rupee against the dollar touched in May, highlighting investor worries over elevated crude prices while global yields surge. The Reserve Bank of India’s intervention contributed to its foreign exchange stockpile plummeting $51...

Currencies Rupee Slide Tests RBI’s Multiple Defenses as Record Low Nears India’s central bank has put all kinds of support around the rupee, and it’s only just stopping the currency from hitting a record low. The currency is 0.2% away from its weakest level of 96.97 rupee against the dollar touched in May, highlighting investor worries over elevated crude prices while global yields surge. The Reserve Bank of India’s intervention contributed to its foreign exchange stockpile plummeting $51 billion in the four weeks through Oct. 2, while the first rate hike in nearly four years did little to stem the slide.
RBI (ORG) India (LOCATION) The Reserve Bank of India (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Houthis claim missile strike on Riyadh airport as explosions heard in Saudi capital

The claim came as witnesses reported several explosions across the Saudi capital, a day after a separate Houthi drone attack on the same airport killed one person and caused flight delays that continued into Thursday. Yemen's Houthis said on Thursday they targeted King Khalid International Airport in the Saudi capital Riyadh with a ballistic missile. There was no immediate confirmation of the strike or any damage or casualties from Saudi Arabia at this time.

Euronews 13m ago

Trying to execute Christa Pike again would push into uncharted legal territory

Trying to execute Christa Pike again would push into uncharted legal territory After Tennessee death row inmate Christa Pike survived an execution attempt it's unclear whether the state will try again After Christa Pike survived Tennessee’s failed attempt to execute her, the unsettled question of whether the state will try again could push Tennessee into uncharted legal territory, experts say. Pike, 50, suffered burns and blisters to her arms and her prognosis remains uncertain after...

ABC News US 13m ago

UK and Israel broker compromise over East Jerusalem consulate

LONDON — The U.K. and Israel have stepped back from the diplomatic brink by securing a compromise to prevent the full closure of the British consulate in East Jerusalem. Most diplomats will leave what will now be operating as a “U.K. mission” in the occupied territory — but Israel has stepped back from closing it entirely. Both sides were presenting this as a good outcome on Thursday, in a diplomatic tussle over the U.K.’s plans to impose sanctions on illegal settlements in the West Bank.

Politico EU 18m ago

French minister invites UK to ‘come all the way back’ to the EU

Finance minister, Roland Lescure, welcomes Burnham’s pledge to explore closer ties with blocThe French finance minister has invited the UK to “come all the way back” to the European Union after Andy Burnham raised the prospect of a new referendum to reverse Brexit. Roland Lescure was speaking after the prime minister used his Labour conference speech to pledge that the government would explore closer ties with the bloc at a summit later this year.

The Guardian World 19m ago