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Indian rupee weakens against dollar on Tuesday
May-26-2026

Indian rupee weakened against the U.S. dollar on Tuesday after brent crude oil prices surged trade near the $100 a barrel mark after United States conducted strikes in Southern Iran. Further, Moody's Ratings remarks on near-term credit conditions of Indian corporates amid high energy prices have weighed on rupee. Moody's noted that elevated global energy prices triggered by the ongoing West Asia conflict, are expected to weigh on the near-term credit conditions of Indian corporates, despite strong balance sheets and favourable long-term growth prospects. On the global front, the British pound has weakened against the U.S. dollar on Tuesday, to trade below $1.34, as escalating tensions in West Asia reignited inflation concerns and slower economic growth.

Finally, the rupee ended at 95.70 (Provisional), weakened by 44 paise from its previous close of 95.26 on Monday. The currency touched a high and low of 95.77 and 95.33 respectively.

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