Rupee falls 103p in 2 days as yuan weakens, $ gains
The rupee weakened to a two-week low of 86.27 against the dollar, influenced by a weaker yuan and a stronger dollar index. Corporate dollar demand increased amid equity market recovery, while year-end dollar supply ended. The yuan's depreciation, a response to US tariffs, pressured the rupee and other Asian currencies, with the Indonesian rupiah hitting a record low.
The rupee weakened to a two-week low of 86.27 against the dollar, influenced by a weaker yuan and a stronger dollar index. Corporate dollar demand increased amid equity market recovery, while year-end dollar supply ended. The yuan's depreciation, a response to US tariffs, pressured the rupee and other Asian currencies, with the Indonesian rupiah hitting a record low.
