Why is the Indian rupee's recent rally stalling, according to the news?

The rupee's three-day winning streak is stalling due to fresh U.S. strikes in southern Iran — described as 'defensive actions' — which dented optimism over an imminent peace deal with Iran, and elevated dollar demand from month-end importer payments and non-deliverable forwards contract maturities.

What measures has the Reserve Bank of India indicated it may take amid rupee volatility?

RBI Governor Sanjay Malhotra stated the central bank will do 'whatever is required' to ensure orderly movements in the foreign exchange market, and Indian banks have sought subsidised forex hedging costs from the RBI to raise overseas borrowings as part of efforts to shore up dollar inflows.

Indian Rupee Rally Halted by Dented Peace Deal Hopes and Month-End Dollar Demand

2026-05-25

2026-06-05

Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast

2026-06-16

Goldman Sachs Lowers 2027 Oil Price Forecast

2026-08-17

Rising oil, US yields add to rupee pressure after RBI move

2026-08-27

Goldman Says Gulf Oil Exports at Two-Thirds of Pre-War Level

Indian Rupee Rally Halted by Dented Peace Deal Hopes and Month-End Dollar Demand

FAQ