HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Indian rupee remains unchanged against dollar on Thursday
Jun-04-2026

Indian rupee remained almost unchanged against the U.S. dollar on Thursday with investors awaiting Reserve Bank of India’s monetary policy committee meet outcome. Uncertainty surrounding US-Iran peace deal and fears of additional US tariffs weighed on market risk sentiments. But, some support came after a private report indicated that the government may consider reducing/ removing taxes on foreign portfolio investors who invest in government securities. Further, the Organisation for Economic Co-operation and Development (OECD) in its latest Economic Outlook report has said that India’s real Gross Domestic Product (GDP) is projected to grow by 6.3% during the fiscal year 2026-27 (FY27) and by 6.4% in FY28. On the global front, the South Korean won has weakened against the U.S. dollar on Thursday despite government pledges to curb excessive volatility.

Finally, the rupee ended at 95.76 (Provisional), remained almost unchanged from its previous close of 95.76 on Wednesday. The currency touched a high and low of 95.87 and 95.59 respectively.


  RELATED NEWS >>