MUMBAI: (May 18) The rupee opened on a weak note and slumped to an all-time low of 96.25 in early trade on Monday, as elevated crude oil prices, global uncertainty, and a stronger dollar continue to remain key risks for the domestic unit.
Forex traders said higher crude oil prices, a stronger US dollar, and ongoing geopolitical tensions have together created a difficult environment for emerging ma...
The rupee's record low against the dollar fits a familiar pattern: emerging market currencies bearing the brunt of global volatility. The narrative here is straightforward—external shocks (oil prices, dollar strength, geopolitics) drive the decline—but it’s worth questioning whether this framing obscures deeper structural vulnerabilities. For instance, is the rupee’s weakness purely exogenous, or does it also reflect domestic economic policies, capital flight, or investor sentiment? The report l...