Rupee hits all-time low of 95.74 vs USD as outflows, oil risks weigh on outlook
The rupee weakened against the US dollar, reaching its new all-time low of 95.7450 per dollar. Rising energy prices due to the U.S.-Iran war have contributed to India's macroeconomic challenges, prompting economists to revise growth forecasts and inflation projections. Prime Minister Narendra Modi has urged measures to conserve foreign exchange reserves, while the central government implemented tariffs on precious metal imports to stabilize the rupee. The Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that India’s monetary policy can address temporary supply shocks but may intervene if inflationary pressures persist.
20 MAY 2026
— The Hindu
Congress leaders criticized the Modi government's economic policies, citing rising inflation, unemployment, and foreign exchange reserves decline as evidence of mismanagement.
— The Hindu
Deputy Chief Minister D.K. Shivakumar challenged BJP leaders to adopt daily public transportation use, questioning their sincerity.
23 MAY 2026
— The Hindu
Congress leaders sharply criticized the government's handling of rising fuel prices, accusing it of consumer exploitation and lack of transparency.
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