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Commodity News Details
Currency Buzz: INR sees sustained losses as local equities slide
05-May-2026 11:24
Indian Rupee added to recent losses today amid weak equities as a break above 95 per US dollar mark extended. Rupee faltered by around 40 paise in last session and dropped 13 paise today to trade at 95.36 per US dollar. The US dollar index is up marginally at 98.40 mark. A spike in WTI crude oil futures above $100 per barrel mark is weighing on INR after some gains in April. Meanwhile, headline local equity benchmarks traded with sharp losses in morning trade, with the Nifty slipping below the 24,000 mark. Sentiment was hit as the rupee weakened to a record low of 95.40 against the US dollar, while weekly expiry added to market volatility. The Nifty 50 index slipped 0.64% on the day.

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