23-May-2026
Economy News
 
That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
22-May-2026

The rupee has been undergoing intense pressure due to a prolonged geopolitical stalemate in the Middle East that has driven up global crude oil prices. After slumping to an all-time closing low of 96.96 against the US dollar on Thursday, the currency staged a brief recovery to end at 96.36 following central bank intervention and a slight retreat in oil prices, before stabilising further near the 96 mark on Friday.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/that-sinking-feeling-rupee100-is-a-mental-fear-not-macro-nightmare/articleshow/131258710.cms
 
 
 

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